Samsung saw a whopping 83% jump in profits in 2017
Samsung are the biggest boys in the smartphone industry, and the company puts up the numbers to prove that. In a press release posted today, the South Korean giants announced their sales numbers for 2017.
The report, uncharacteristically bare, only shows total revenue and operating profits for the quarter and a yearly total. According to the report, the company recorded an impressive US$61.4 billion in sales in Q4, up 6% from Q3 2017. Operating profits total up to US$14.05 billion in Q4, a 3.7% growth from the US$13.5 billion recorded in Q3.
Yearly revenue tallies up to US$222.8 billion, up 18% from 2016's US$187.7 billion figure. Operating profits for the year sits at US$49.8 billion, a massive 83% rise from the US$27.2 billion the company registered in 2016.
The company's growth in terms of profits in 2017 is remarkable, and that looks to be the route the company will take in 2018, as reports last week claimed the focus would shift from shipment numbers to increasing profit margins.