The South Korean giant Samsung Electronics declared a 50% profit increase in its outlook for the fourth quarter regardless of the failure with its flagship Note 7 phone.
The earnings outlook is way more than average analysts’ forecast and would mark its top quarterly profit since 2013.
Recently, the world’s largest smartphone-maker had to scrap the Note 7 after batteries caught fire and even replacement devices didn’t solve the issue.
The latest sturdy results are due to Samsung’s semiconductor and display businesses.
The Tech firm said in a statement that it anticipated to post 9.2tn won or$7.8bn in operating profit for the months from September to December.
Earlier Samsung said that the Note 7 recall would mean a $2.1 billion hit to their profits.
The company initially announced a recall for the Galaxy Note 7 in September following complaints about burning and bursting batteries.
Later on replacement devices thought safe were also found to burn and catch fire, the company scrapped the phone entirely.
However Samsung confidently said that it will “very soon” share details of its probe into the cause of the Note 7 problems.
Samsung plan to announce its earnings results of the fourth quarter by the end of this month which will give more insights into the performance of its individual businesses.