Samsung Electronics posted record earnings in 2017 on robust demand for memory chips
- 6 years ago
Korean tech giant Samsung Electronics seems to have outdone itself yet again.
The company posted sales worth 223-point-four billion U.S. dollars last year,... putting out its best performance report ever on strong demand for memory chips and sales of high-end display panels for the iPhone (ten) X.
It's operating profit was over 50-billion dollars,... nearly double from the year before.
Looking at the company's quarterly figures,... operating profit was at 14-billion dollars in Q4,... up over 64-percent on-year, and landing in the company's initial estimate.
The company's shares also spiked 41-percent last year.
The company posted sales worth 223-point-four billion U.S. dollars last year,... putting out its best performance report ever on strong demand for memory chips and sales of high-end display panels for the iPhone (ten) X.
It's operating profit was over 50-billion dollars,... nearly double from the year before.
Looking at the company's quarterly figures,... operating profit was at 14-billion dollars in Q4,... up over 64-percent on-year, and landing in the company's initial estimate.
The company's shares also spiked 41-percent last year.