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Samsung saw a whopping 83% jump in profits in 2017

Samsung Headquarters. (Source: Social Barrel)
Samsung Headquarters. (Source: Social Barrel)
Samsung has released a report on its sales numbers for the last quarter of 2017, with the company registering a massive 83% year-on-year growth in operating profits.

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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.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2018 01 > Samsung saw a whopping 83% jump in profits in 2017
Ricci Rox, 2018-01- 9 (Update: 2018-01- 9)
Ricci Rox
Ricci Rox - News Editor - @riccirox
I'm a freelance copywriter who lives and dies for tech. Android, ​especially. The smartphone market is one going through an impressive growth spurt, so I crawl the Internet with keen interest in a technological ecosystem that doesn't seem to be slowing down anytime soon.