The firm said on Friday that it expects to post a 9.2 trillion won (£6.2bn) operating profit for the fourth quarter of last year, the highest since the third quarter of 2013 a 50 per cent increase compared to the same period in 2015.
The figures surpass Samsung's initial expectations, with the firm previously saying that it expected to take a "mid-3 trillion won" hit to operating profits in the fourth quarter due to the costs of the discontinuing the Note 7.
Samsung hasn't said much else, but Bloomberg credits the expected rise in profits to the firm's OLED display unit and booming chip business, saying "huge demand" for memory chips by China's lower-end smartphone market led to a "persistent rise" in their prices.
Operating income from the chip business probably came to 4.5tn won in Q4, according to the report, with profits from its OLED display business likely around the 1.1tn won mark.
Analysts expect Samsung's good fortune to continue, and say the firm likely will see a "record June quarter profit" thanks to the impending launch of the Galaxy S8, which is expected to arrive in April.
Samsung posted solid earnings only with sales of older smartphone models like the S7 after the Note 7's discontinuation," Kim Sung-soo, fund manager at LS Asset Management, told Reuters.
"This makes me have hopes for the S8. Should they fare well, I expect Samsung to report record earnings this year."
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