Samsung is making huge profits as Galaxy Note 7 crisis fades

by Dramelin 10:30 PM 0 comments crisis fades galaxy huge making note profit profits samsung samsungs smartphone smartphones south strength took

Samsung has emerged from the ashes of the Galaxy Note 7 debacle in pretty good shape. Related: Samsung blames batteries for Galaxy Note 7 firesOn Monday, the company took a major step toward moving on from the embarrassing affair. The bumper earnings highlight Samsung (SSNLF)`s ability to shrug off the $5 billion profit hit it took from killing off the fire-prone Note 7. Premium smartphone makers are also likely to be turning to Samsung as they shift to a new type of screen, known as OLED. Samsung is the world`s largest smartphone maker, but the majority of the company`s profits now come from selling components like semiconductors, memory chips and display screens.