World Economy

Samsung’s Q4 Profits Up

Samsung’s Q4 Profits UpSamsung’s Q4 Profits Up

Samsung is forecasting profit for its current Q4 2016 quarter to jump by 50% year-on-year. Samsung is estimating an operating profit of 9.2 trillion Korean won ($7.75 billion) on sales of 53 trillion, or approximately $44.6 billion, Tech Crunch writes.  That sales prediction is less than one percent lower than what it booked one year ago for its Q4 2015. The announcement by the large multi-pronged company comes as it had to cover the losses for its ill-fated Samsung Galaxy Note 7, which spontaneously combusted in several users hands and pockets.


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