Despite the huge Galaxy Note 7 recall, Samsung Electronics announced an excellent quarterly report for Q4 2016. The company's operating profits were $7.9 billion - 50% higher than Q4 2015, and the company's highest profits in over three years.
Samsung says that its Display Panel segment enjoyed increased OLED panel shipments and improved earnings from large-sized LCD TV panels. Cost reduction of OLED panels and customer diversification enabled Samsung to improved its OLED earnings. In 2017 Samsung aims to improve earnings by increasing its high-end flexible OLED shipments.