Samsung Electronics Co. is struggling hard to overcome the adverse situation. Such an unexpected situation came because of the Note 7 explosions. But, such debacle could not stop Samsung from ripping profit. The South Korean company showed that it can still run sales and profit maximization as a key supplier of displays and memory chips.
The earning for the company comes from other companies since it is a key supplier of displays and memory chips.
For a span of time, the media headlined Samsung in a bad fashion. Thence, it had to do some over duty to protect the company from the unpleasant situation and overhaul its business.
Despite these ongoing crises, Samsung share price fueled a rise. An expert in the industry labeled it as a record high price. The stock upped to 0.5 percent at 1.7 million won.
Now operating income of the company is 7.8 trillion won (7 billion dollars) which is a 5.5% sharp rise based on preliminary three months. The three months ended in September. Moreover, the rise is surpassed analysts’ forecasting.
Endorsement Favoring Samsung
Endorsing Samsung’s good performance Chung Chang Won, an analyst at Nomura Holdings Inc. in Seoul said, “Without the one-off recall costs, Samsung was originally expected to perform better and better this year,” He further said, “If its mobile unit doesn’t get into further trouble from here and given the strong performance of its components businesses, Samsung shares will continue its upward march.”