Samsung Q4 earnings close out 2017 at record high profit

-

Samsung displayed spectacular performance last year as it posted record operating profits for consecutive quarters. The company said that it was on track to post its highest yearly operating profit ever as well as another record quarterly profit in Q4 2017. Its earnings guidance for the quarter revealed that much and Samsung has now posted the full Q4 2017 earnings. As expected, the company raked in record profits.

Samsung Q4 2017 earnings

Samsung Electronics announced today that its earnings for the October-December 2017 quarter were 66 trillion won or $61.6 billion, a 24 percent increase compared to the same period in 2016. It posted 15 trillion won or $14.13 billion in operating profit which is a 64 percent increase year-over-year.

The company has reported full-year revenue of 239.58 trillion won or $222 billion and a record full-year operating profit of 53.65 trillion won or $50 billion. It has been several years since Samsung posted a record full-year profit. The last it did that was in 2013 when it raked in 36.8 trillion won or $33 billion in profit.

As expected, the company’s fourth quarter earnings have largely been driven by its components business. Samsung’s components division has been a veritable cash cow this past year. The largest contribution to its Q4 earnings came from the memory business that manufactures DRAM and NAND memory products.

Samsung expects this momentum to continue in the new year as well because it expects demand for NAND to remain strong. The company says that it will expand 64-layer V-NAND production at its Pyeongtaek plant to meet demand. It also expects solid demand growth for DRAM due to new datacenter builds and will increase product competitiveness by expanding 10nm-class process migration.

The post Samsung Q4 earnings close out 2017 at record high profit appeared first on SamMobile.

Popular Posts:

Apple is postponing new iOS features in favor of reliability and performance

-
Image
Apple has decided to postpone new features in iOS in favor of improving the reliability and performance of the operating system, as according to a report by Axios. According to the report, Craig Federighi, Senior Vice President, Software Engineering, announced the revised plan to employees at a meeting earlier this month. This pushes features like refresh of the homescreen and in-car user interface, improvements to core apps like Mail and camera experience to 2019. What we will get this year is improvements to AR, digital health and parental controls. Apart from that, the OS will largely feature improvements to performance and user experience. We have seen Apple do this with macOS in the past, where they dedicate one entire update cycle to just refining the OS and make existing features work better. However, we have never quite seen Apple do that on iOS. This is largely due to the hyper competitive nature of the mobile market where competition and customer demands push companies t
Continue Reading....

Do more from your inbox with Gmail Add-ons

-
Image
For many of us, email is mission control—the prompt to generate an invoice, prepare a presentation or follow up on a sales opportunity. With so many to-dos, imagine if you could complete these tasks directly from your inbox without interrupting your workflow. We believe email can do more, which is why we're launching Gmail Add-ons, a new way to work with your favorite business apps directly in Gmail. Gmail Add-ons, built for your workflows Rather than toggling between your inbox and other apps, use add-ons to complete actions right from Gmail. With Gmail Add-ons, your inbox can contextually surface your go-to app based on messages you receive to help you get things done faster. And because add-ons work the same across web and Android, you only need to install them once to access them on all of your devices. Click the settings wheel on the top right of your inbox and then "Get add-ons" to get started. We made Gmail Add-ons available in developer p
Continue Reading....

This is Samsung’s official spec sheet for the Galaxy S8 and S8+

-
Image
The Galaxy S8 and Galaxy S8+ have finally been unveiled, and our hands-on experience with the devices is available for everyone to see. Everyone has a pretty good idea about the devices’ specifications at this point, but for those wanting to see it, we have added the official spec sheet offered by Samsung below. Remember, detailed specs are also available from our devices page . Oh, and don’t remember to take a look at what we think about Samsung’s new flagships .
Continue Reading....

Jurassic VR - Google Cardboard

-
Image
Jurassic VR - Google Cardboard Rabbit Mountain Adventure VERSION/BUILD: 1.6.4 UPDATED: 28 January 2018 REQUIRES ANDROID: 4.4 and up FILE SIZE: 66.4 M Walking with the dinosaurs! Roam the earth and experience prehistoric times in Virtual Reality. Celebrating 4+ million downloads! Have you ever wanted to meet Dinosaurs in real life? Experience the ultimate dino ride with Jurassic VR - Google Cardboard Freely roam the open environment en poke round the beautiful cedar evergreen trees to see huge dinos come to life. You can go to any point and see the sites and dinos in VR. Players get to experience the site at their own pace and the mission is simple; enjoy and discover the world of prehistoric dinosaurs before the modern world cities were built. It's like a virtual reality attraction traveling you back to prehistoric times! The ultimate experience There is no need anymore to become an archaeologist and dig the earth
Continue Reading....

DJI Mavic Air: could this be the definitive drone?

-
Image
DJI showcased its new Mavic Air drone in New York. The third quadcopter in this series is of similar quality to its predecessors and can also fold its arms for better portability. For its size, no competitor offers so much in terms of photo quality. Release date and price The DJI Mavic Air can be ordered through the official DJI website  and is also available from other retailers. The drone is available in three colors: marengo grey, white and red. We can buy the Mavic Air in a basic pack with remote control, protections, charger, cover, propeller replacement and a battery from US$799 (£769 in the UK). Often, one battery is not enough so there is a more complete pack available with three batteries, charger for four batteries and two propeller replacements from $999 (£949 in the UK). The red model reminds me of a Porsche. / © AndroidPIT Design and build quality In essence, it is th
Continue Reading....