Expect a lot of market analysts significant decline in Samsung's share with heavy losses as a result of the problem Note 7 experienced by the company during the past year, but the financial results for the Korean giant bucked a lot of expectations.
Samsung today unveiled the financial report of the Department of IT hardware and mobile communications IM, where the company has achieved total revenues of $ 18.8 billion for 2016, and operating profit of $ 2 billion achieved for the last quarter of 2016.
Samsung has been able to achieve high sales ratio during the last quarter of 2016, which is likely to witness a recovery in smartphones and feature market, where the Korean giant had sales with the company's distinctive versions of the Galaxy S7 and S7 edge.
Samsung has also achieved higher profits this year with their versions of the medium and with reasonable pricing phones, which contributed well this year to raise the level of revenue.
It is worth mentioning that Samsung's remarks during the announcement of the financial report, emphasized the company's eagerness to have a leader in innovation and design distinctive versions of smart phones, so we await the issuance this year Galaxy S8 design where the main button disappears with a range of new features.
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