Samsung profits shrink despite record revenues
Samsung has reported its earnings for the final quarter of 2017, and while profits shrunk year-on-year it does seem to be pretty good news for the Koreans.
Over the course of the quarter, operating profit fell slightly to $14.25 billion, though total revenues did increase 24% compared to the same period to roughly $62 billion. Over the course of the 12 months, revenues increased 19% to just over $224 billion, while operating profit jumped a monstrous 83% to just over $50 billion.
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