#samsung bounces back from Note 7 recall with its best quarter in three years
It turns out that Samsung’s business is doing just fine following one of its most embarrassing product fumbles in recent memory. The company posted fiscal fourth-quarter earnings today in line with expectations outlined this month, earning 9.2 trillion won (about $7.2 billion) in profit on sales of 53.3 trillion won (about $45.8 billion). That’s a more than 50 percent jump in profit from the same period a year ago. It also makes this quarter Samsung’s most profitable in more than three years, despite the Galaxy Note 7 recall that has embroiled the South Korean company in controversy for the last five months.
Just this past Sunday, Samsung released its report on the Note 7 that detailed how a rushed manufacturing schedule and irregularly…
