Samsung sets record Q4 profits ahead of Galaxy S9 launch


Samsung's head honcho was found guilty of bribery last year and its vice-chairman stepped down due to "unprecedented crisis," but that didn't affect the Korean conglomerate's cashflow at all. In fact, the company did very well in the fourth quarter of 2017 and the year as a whole: it posted a $14 billion operating profit for the quarter and $50 billion for 2017, thanks mostly to its strong memory and display business. That dwarfs its $7.9 billion operating profit for the fourth quarter of 2016, though that year's earnings were admittedly tainted by the Note 7 fiasco. One of the biggest reasons why Samsung's display division did so well in Q4 2017 is Apple, whose exclusive orders for the X's OLED displays helped it offset the rising won.

It's been a while since we've seen the company's mobile division become its top earner, though, and that definitely didn't happen in the fourth quarter. Samsung's mobil biz earnings were down due to a hike in marketing costs over the holidays, and the division's operating profit was down YOY from $23 billion in Q4 2016 to around $22.54 billion in Q4 2017. While Samsung saw a decrease in shipments for its low-end phones, its Galaxy Note 8 shipments were up from the previous quarter. The chaebol, expecting a "growing replacement demand for premium smartphones," believes its mobile division will bounce back once it starts selling the Galaxy S9.

Source: Samsung

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