Samsung’s disastrous Galaxy Note 7 quarter to be the most profitable in three years

[Chris Smith]

Samsung is expecting record profits for the fourth quarter of 2016, even though it had to deal with the most disastrous recall in its history. The Galaxy Note 7 was discontinued just a couple of months after its launch, as it continued to be a fire hazard for users. But that didn’t hurt Samsung’s bottom line as hard as one would expect. In fact, Samsung is about to post its biggest profit jump in three years, and it’s all thanks to its components business.

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