Samsung believes it’ll post a significant rise in operating profit for Q4 2016. In the company’s earnings guidance, Samsung said its anticipated operating profit is $7.8 billion, up from $5.2 billion in the prior year. This suggests the financial impact of the large Note 7 recall was truly just temporary.
Its profit was lower than expected in Q3 as a result of the recall, but Q4 looks like it turned out to be a great quarter. The company expected $6.6 billion for Q3 and only posted $4.4 billion.
Analysts say this profit is driven by sales of memory products and displays. Other Samsung phones, like the Galaxy S7, also contributed.
