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Galaxy Note 7 recall: Samsung profits unaffected by exploding phones controversy

Samsung Galaxy Note 7 vs S7 screen waterproof

Samsung’s profits were robust in the the three months from July to September, despite the company issuing a global recall of its high–end Galaxy Note 7 smartphone.

The Korean giant said it expected profits to rise by 5.6% during the period, even though overall sales of its smartphones were down 5%.

This is thought to be due to Samsung’s solid components business. The company remains the leading supplier of computer chips and its OLED screen business is thriving.

The latter is said to have enjoyed a boost from major rival Apple, which is looking to include OLED tech in 2017’s iPhone 8.

Samsung revealed last week that almost 60% of Galaxy Note 7 models have been recalled in Europe.

The fallout from the controversy has continued this week, however, after a passenger on a US airline said his replacement handset overheated while in the air.

Samsung says it plans to have the recall programme complete by mid October, before putting the Galaxy Note 7 back on sale on October 28th.

Source:

Engadget

Category: News

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