- Oct 6, 2011
- Reaction score
Samsung is one of the worlds most profitable business. You might be surprised to know just how profitable they actually are. When you hear a figure like -$1Billion you may be thinking "How will they every recover?!" "Will Samsung go out of business?". The truth is while the loss was "heartbreaking" it is really just a drop in the bucket. In fact it turns out to be about as financially impactful as missing a few weeks of work unpaid.
For the third quarter of the year (July thru September) Samsung says that they have an operating profit of $7.8trillion Korean Won (about $7Billion). Aside from cell phones Samsung makes all sorts of other consumer products like washers and dryers, refrigerators, TVs, and more. They also produce parts and components for other cell phone manufacturers. The recall may have even helped out the component business as it created the need for the production of an extra 2.5 million cell phones! It is good to know that Samsung is still doing ok after the recall.