Samsung Electronics posts biggest operating profit in 2017

Samsung Electronics profit guidance misses expectations as won weighs

The logo of Samsung Electronics is seen at its office building in Seoul

Tentative consolidated revenues for the fourth quarter of 2017 is almost KRW 16.9 trillion with an operating profit of KRW 366.8 billion.

Analysts surveyed by Reuters had forecast 15.9 trillion won profit on average for the company for final quarter of 2017.

SK Telecom, the nation's biggest mobile carrier, increased 3.76 percent to 276,000 won, and No. 3 LG Uplus jumped 7.83 percent to 15,150 won. Net income and detailed earnings of each business will be announced later in the month after auditing.

Google's Daydream VR breaks free of the smartphone with new standalone headset
HTC announced a new, wireless Vive Pro at CES, and Oculus announced the Oculus for Business bundle back in October 2017. Lenovo claims it's the "world's first" standalone Daydream VR headset , so doesn't require a smartphone or PC to run.


The preliminary result for Samsung's operating profit was 53.6 trillion won (50.3 billion USA dollars) in 2017, topping the previous record yearly high of 36.79 trillion won (34.5 billion US dollars) tallied in 2013.

Previous coverage: After years of flexible smartphone display rumors, we've now reached 2018, where we probably only have another year of rumors to go.

Samsung has had to overcome a bribery scandal that saw the company's de-facto head Lee Jae-Yong thrown into jail as well as a damaging recall past year of its flagship Galaxy Note 7 smartphone over exploding batteries.

Kodak Launches Cryptocurrency, Stock Soars
Perhaps the foray into the cryptocurrency space will reinvigorate the company, long maligned for failing to change with the times. Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein.


Samsung will unveil its quarterly and full-year results at the end of January.

Samsung said it expects its operating profits for the 2017 full year to hit 53.6 trillion won and to post full-year sales of 239.6 trillion won. For comparison, the company "only" made 29 trillion won (around $27 billion) in 2016.

BJP condemns Rahul Gandhi's Bahrain speech
Responding to a question from the audience, Rahul also pin-pointed three key policy sectors he would focus on, if he was in power. This is surely no small feat. "[Rahul Gandhi's] speech shows that that he or his associates haven't done their homework".


Latest News