Samsung Q4 profit highest in 3 years despite Note 7 fiasco
South Korean electronics maker Samsung on Tuesday said its fourth-quarter (October-December) operating profit jumped 50% to $7.93 billion, its highest in over three years. Samsung said that record earnings in its chip business masked the negative impact of its failed Galaxy Note 7 smartphones. Samsung on Monday revealed that two issues in the battery were responsible for Note 7 explosions.