Samsung posts highest profits in 3 years despite Note7 debacle

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Samsung saw profits increase to three-year highs in Q4. Samsung reported Monday that its Q4 2016 operating profits jumped by 50% to $7.9 billion, the company’s highest in three years. The jump in profit is especially impressive when you consider Samsung also lost an estimated $2.8 billion in revenue due to the company’s Note7 recall.

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