Samsung disappoints as iPhone screens prove no match for rising won

Seoul

SAMSUNG Electronics Co missed analyst profit estimates as South Korea's surging currency and year-end bonuses outweighed display orders from Apple Inc for the new iPhone X.

Operating income was 15.1 trillion won (S$18.9 billion) in the three months ended December, missing the average of estimates by one trillion won. Shares fell in Seoul after the result.

Samsung is spending more to boost sales of smartphones and other consumer products as it shares in the benefit of Apple screen or…