Samsung Elec forecasts higher earnings in 2017 but warns of political risks
Company, which saw 50% surge in Q4 profit, is counting on chip market to continue driving growth
Seoul
SAMSUNG Electronics Co Ltd on Tuesday said it expects profit growth in 2017 despite challenges arising from political uncertainty, after record chip earnings glossed over the Note 7 smartphone fiasco in the fourth quarter.
The South Korean tech giant and Apple Inc rival is embroiled in an influence-peddling scandal surrounding President Park Geun-hye, with five Samsung Group executives already grilled by prosecutors and investigations ongoing.
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