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Samsung sets record Q4 profits ahead of Galaxy S9 launch

Engadget ---------- 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 $8 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. To learn more click on the picture below to read the article.

Samsung sets record Q4 profits ahead of Galaxy S9 launch - Read More from Engadget

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