Samsung Electronics Co. delivered a reminder of the company’s central role in the global technology supply chain with a strong earnings forecast on Friday.
Even with the early-October recall of its premium Galaxy Note 7 smartphone that cost it at least $5 billion, Samsung projected fourth-quarter earnings that would be the highest in more than three years. The reason: competitors’ growing demand for Samsung components.
While Samsung’s smartphone results took a hit, the company thrived on sales to the likes of Apple Inc., Dell Inc., HP Inc. and Sony Corp., whose smartphones, laptops and televisions rely on parts manufactured by