Samsung has reported its earnings for Q4 2017, in which the company has made operating profit of 15.15 trillion won ($14.13 billion), up 64.3% YoY for the quarter that ended December 31, 2017. This is a new all-time high quarterly profit, due to strong sales of memory products for servers and mobile storage as well as OLED panels for premium smartphones. It reported revenue of 65.98 trillion won (61.54), a increase from 53.33 trillion won last year and net profit of 12.26 trillion won, a 72.9% increase from 7.09 trillion won for the same period a year earlier. For the whole FY17 it reported revenue of 239.58 trillion won, up 18.6% and operating profit of 53.65 trillion won, up 83.4% compared to the previous year. IM sector that includes Mobile Communications and Networks Businesses posted 25.47 trillion won consolidated revenue and 2.42 trillion won operating profit for the quarter, down 3.2% compared to 2.50 trillion won in the same quarter last year. "Earnings in the mobile business declined due to a hike in marketing costs under strong seasonality. Total smartphone shipments decreased due to the lineup optimization of low-end models, while shipments of flagship products, such as the Galaxy Note 8, increased from the previous quarter," said Samsung In 2018, Samsung ...
Tuesday 30 January 2018
Samsung reports record profits in Q4 2017, up 64% YoY, expects strong Galaxy S9 sales
Samsung has reported its earnings for Q4 2017, in which the company has made operating profit of 15.15 trillion won ($14.13 billion), up 64.3% YoY for the quarter that ended December 31, 2017. This is a new all-time high quarterly profit, due to strong sales of memory products for servers and mobile storage as well as OLED panels for premium smartphones. It reported revenue of 65.98 trillion won (61.54), a increase from 53.33 trillion won last year and net profit of 12.26 trillion won, a 72.9% increase from 7.09 trillion won for the same period a year earlier. For the whole FY17 it reported revenue of 239.58 trillion won, up 18.6% and operating profit of 53.65 trillion won, up 83.4% compared to the previous year. IM sector that includes Mobile Communications and Networks Businesses posted 25.47 trillion won consolidated revenue and 2.42 trillion won operating profit for the quarter, down 3.2% compared to 2.50 trillion won in the same quarter last year. "Earnings in the mobile business declined due to a hike in marketing costs under strong seasonality. Total smartphone shipments decreased due to the lineup optimization of low-end models, while shipments of flagship products, such as the Galaxy Note 8, increased from the previous quarter," said Samsung In 2018, Samsung ...
