Skip to main content

Despite scandals, explosions, Samsung has highest quarterly earnings in 3 years

Samsung logo
Proving that every action really does have an equal and opposite reaction is Samsung, which has bounced back from its seemingly disastrous Galaxy Note 7 recall with its best quarter in three years. On Tuesday, the South Korean phone maker posted its fourth quarter earnings, announcing that it had posted around $7.2 billion in profits on sales of $45.8 billion. That represents a 50-percent increase from the fourth quarter of last year. Clearly, you just can’t keep Samsung down.

“Fourth quarter earnings were driven by the components businesses, mainly the Memory business and the Display Panel segment, which manufactures OLED and LCD screens,” Samsung noted in its own announcement. “Robust sales of high-end, high-performance memory products and expanded process migration in V-NAND, plus strong shipments of OLED and large-size UHD panels contributed to profitability.” The company also mentioned that the strength of the U.S. dollar helped with operating profits.

Related Videos

While Samsung wasn’t immune to its Note 7 debacle (its third quarter earnings in 2016 took a related hit), it has been able to recover quite nicely. It’s unclear if this good luck will continue, however. After all, Samsung has only recently released findings on its investigation into the cause of the Note 7’s spontaneous combustibility.

Moreover, the firm is currently embroiled in a political scandal that could have an impact on its finances, especially considering the people involved in the scandal are all high-ranking executives.

This, in fact, is something the company has readily admitted to in a related statement, “The uncertain business environment such as the changing political landscape in Korea and overseas poses a challenge to the execution of mid- to long-term business strategies, such as M&A and investment decisions and developing new growth engines.”

But at least for now, it looks as though Samsung is doing quite well.

Editors' Recommendations

Samsung Galaxy S10 vs. LG G8 ThinQ: Spec comparison
Samsung Galaxy S10 vs. LG G8 ThinQ: Can LG's flagship stand up to Samsung's?
Samsung Galaxy S10 hands-on

There's a steady stream of new Android phones hitting the market, but it's always worth checking what Samsung and LG have to offer. This year is the tenth anniversary of the Galaxy S range and Samsung's refined design hit a new level in the gorgeous and powerful S10. Compatriot and rival LG turned out the G8 ThinQ, which is equally packed with cutting edge tech and boasts a fresh hands-free gesture system.

It may prove tough to choose between these phones. Should your next smartphone be the LG G8 ThinQ or the Samsung Galaxy S10? Let's compare them and see exactly how they differ.

Read more
Samsung Galaxy S10 Plus vs. Google Pixel 3 XL: Which big Android phone is best?
Samsung Galaxy s10 plus hands-on


As the force behind Android, Google's Pixel phones are some of the best Android phones around and the Pixel 3 XL is the biggest it offers. You won't find a better software experience, but Google isn't quite as skilled in the hardware department. You could argue that Samsung is the opposite way around; the South Korean manufacturer makes incredible hardware, but often falls down in the software stakes.

Read more
Samsung Galaxy S10 vs. Google Pixel 3: Can Samsung beat the stock Android king?
Samsung Galaxy s10 hands-on

Arguably the most-awaited Android phone of the year, the Samsung Galaxy S10 is here. The phone features a new design, far-improved specs, and a beautiful large display, making it easily one of the best phones on the market, and definitely one of the most interesting.

Of course, the Galaxy S10 isn't the only flagship smartphone on the market. Another top-tier device that has been loved since its release is the Google Pixel 3, which is largely known for offering ultra scaled-back software and an excellent camera. Can the Samsung Galaxy S10 take out the stock Android king? We put the two head-to-head to find out.

Read more