TECH

Samsung's Profit Estimates Surge Despite The Note 7 Exploding Battery Fiasco

How....just how?

06/01/2017 12:27

Samsung has announced a massive profit surge for the last quarter of this financial year, which is odd when you consider that 2016 was also the year its flagship phone the Galaxy Note 7 was recalled after it started exploding.

Now while you would normally assume that an exploding phone would be enough to put a dampener on any company’s financial figures Samsung has an ace up its sleeve.

Kim Hong-Ji / Reuters
The Galaxy Note 7 hit headlines this year after a major fault caused many handsets to overheat and catch fire.

Despite what we see as consumers, Samsung doesn’t just make money from smartphones.

In fact it makes absolutely vast sums of money from building the components that brands like Apple, LG, and more use in computers, TVs and even other smartphones.

Earlier this year Samsung’s smartphone business took a major hit after it was discovered that its new Galaxy Note 7 smartphone had a serious fault with its battery.

This caused handsets to overheat and in some cases even explode or catch fire. After initially claiming that it had fixed the problem it was then reported that Note 7s were still catching fire.

Well even with a gargantuan bill like that, its other businesses have been so successful that the company is expected to record its highest quarterly profit since 2013.

Best Smartphones To Buy In 2017:

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  • Google Pixel
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    This is Google’s iPhone. It’s that simple. As such there are achievements and compromises. If you’re after an incredibly well-built, powerful Android flagship, Google have given you a truly five-star smartphone. If you’re a photographer, the Pixel’s camera and cloud storage option make this a no brainer. It's not cheap though, with the XL costing over £800.
  • OnePlus 3T
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    The OnePlus 3T is simply a continuation of the ethos that makes OnePlus phones so good. It’s exceptionally well-built, powerful and offers you everything you could want in an affordable and meaningful package. No smartphone will give you more value for money.
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    With a new curved back and larger 5.5-inch display the Samsung Galaxy S7 edge is more about evolution than revolution. The S7 edge now sports a water-resistant body, embedded camera and a MicroSD card slot. The S7 edge is also Samsung's most powerful smartphone yet, so powerful in fact that Samsung have actually had to equip a tiny water-cooling system inside the phone. The good news though is that means you'll never have to worry about getting a warm hand.
  • Apple iPhone SE
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    Incredibly, Apple's familiar-looking iPhone SE manages to boast the same performance as its top-of-the-range iPhone 6s making it the most powerful 4-inch smartphone available. If you're keen to return to the days of one-handed texting then Apple's bite-sized iPhone is the smartphone for you.
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    The Huawei P9 is a smartphone designed for capturing life. Thanks to a partnership with photography legends Leica this dual-lens camera can take pictures that'll put your dedicated camera to shame. Of course it helps that the P9 is also a pretty great Android smartphone as well.
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