SEOUL: Samsung Electronics Co Ltd is likely to forecast its best quarterly profit in nearly three years on Jan 5, analysts said, with robust memory chip sales easing the pain of the costly failure of a flagship smartphone.
The South Korean firm discontinued sales of the Galaxy Note 7 phones after some of the devices caught fire, warning of a US$2.1bil (RM9.44bil) hit to its profit in the fourth quarter of 2016 due to expenses tied to an ongoing global recall and lost sales.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!