The good news for Samsung comes even in the wake of the explosive Galaxy Note 7 handsets and a political bribery and corruption scandal which is now on-going in South Korea.
Samsung have released their forecasts for Q1 2017 which shows that the company is well on the way to recovery. The operating margin that measures the income against sales rose 6.5 percentage points on year to 19.8 percent in the first quarter.
The fact that Jay Y Lee, heir to South Korea's largest corporation, Samsung Group, is embroiled in charges that he bribed a confidante of former South Korean president Park Geun-hye and conspired to cover it up, did not, however affect investor confidence in the group.
Starting from the display, so the Samsung Galaxy S7 has a 5.1 inches Super AMOLED display while the iPhone 7 got a 4.7 inches LED-backlit IPS LCD, as compared to LED-backlit the Super AMOLED display's are better and having more colors, so the Samsung Galaxy S7 got the better display as compared to the Apple iPhone 7. The figure is higher than the average 9.4 trillion forecast from 18 analysts, according to Reuters.
The forecast $8.8bn profits don't include what the company is hoping to make from its new phone, the new and improved Galaxy 8, which hits the shelves later this month. Even after the embarrassing recall of the company's last flagship device, the Galaxy Note 7, the S8 and its new embedded Bixby AI technology could set a new first year sales record for the company.
Analysts are expecting Samsung's best-ever quarterly profit in the April-June period when the Galaxy S8 and S8 Plus launch.
Samsung Electronics is taking a new direction when it comes to smartphones in India.
Samsung's plans to refurbish the Galaxy Note 7 for emerging markets will seemingly come with a major advantage over the original model... beyond the whole not catching fire thing.