The initial fallout from Samsung’s Note 7 global recall will be revealed this Friday in the company’s preliminary Q3 results, with analysts suggesting strong performances elsewhere could offset some of the pain.

Hit with battery problems, the company was forced to recall at least 2.5 million Galaxy Note 7 handsets last month, which could cost the South Korean firm nearly $5 billion this year.

However, analysts said an upturn in the memory chip and display markets will lead to a small rise in Q3 profit, easing the short-term impact of the Note 7 debacle, reported Reuters.

Samsung will reveal estimates for revenue and profit this week, before a full report later this month.

“So long as the operating number comes in at the low KRW7trillion level, the market will look at it and think some of the noise surrounding the Note 7 recall issue has cleared,” HDC asset manager Park Jung Hoon told Reuters.

Understandably, projections for the firm’s mobile division have lowered since the issue was revealed, with reduced sales and the cost of recalling the smartphones set to impact the unit – which has underperformed in recent years.

Analysts surveyed by Bloomberg  also cut estimates of Note 7 shipments this year by an average of 38 per cent to 8 million, from 13 million, with the suggestion the issue could also impact the performance of Samsung’s other products, including the flagship Galaxy S7 device.

Its saving grace in Q3 is likely to be its chip division, which could see a quarterly profit of KRW3 trillion or more, fuelled by demand from other smartphone makers.

For the Galaxy Note 7, much will now depend on how the revamped device performs.

Samsung said last week around 60 per cent of the recalled smartphones had now been exchanged, with the vast majority of people choosing a new version of the smartphone.