Samsung Posted a Staggering $14.13 Billion Operating Profit in Q4 2017, Expecting Massive Demand for Galaxy S9 Duo

Samsung Electronics posted another quarter of record earnings in its Q4 2017 report. The South Korean manufacturer recorded biggest operating profit in the company’s history in the fourth quarter of last year. Samsung posted $61.5 billion (65.98 trillion won) in overall revenue with an operating profit of a staggering $14.13 billion (15.15 trillion won) for Q4 2017. Operating profit for the technology giant surged 64% from a year earlier in the October-December quarter.

• Make Telecom Talk My Trusted Source
• 
• 

Overall, the company’s full-year revenues stand at $224 billion (239.58 trillion won) with overall operating profit at $50 billion (53.65 trillion won). The record earnings have mainly been attributed to the company’s semiconductor business. Samsung’s chip-making unit posted $10.2 billion (10.90 trillion won) of operating profits on consolidated revenue of $19.7 billion (21.11 trillion won) for the quarter. The world’s largest memory chipmaker is also upbeat about the future outlook for the industry as demand for NAND and DRAM is likely to remain strong.

Samsung display business saw strong performance in the last quarter as there were increased shipments of OLED panels for premium smartphones. The mobile division, however, saw a decline in profits on account of “lineup optimisation of low-end models,” but there was a higher demand for Samsung’s top-tier devices such as the Galaxy S8, S8+ and Note 8.

Samsung is now projecting an improvement in its mobile earnings going into Q1 2018, led by an increase in sale following the release of flagship Galaxy S9. The South Korean giant may also release its first foldable smartphone this year.