The financial impact of the Note 7 recall seems to be largely behind Samsung Electronics, which on Friday forecast that its profit has grown year-on-year by close to 50 percent in the fourth quarter.

A major proportion of the profit of the largest smartphone company is expected to come from components such as memory chips and display panels, rather than from smartphones, according to analysts, a shift that was noticed in the third quarter as well.

“They were fortunate that their memory and displays businesses could offset the doom and gloom resulting from the Note 7 debacle last quarter,” said Bryan Ma, vice president for devices research at IDC.

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