Samsung Electronics posted record earnings in 2017 on robust demand for memory chips

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Korean tech giant Samsung Electronics seems to have outdone itself yet again.
The company posted sales worth 223-point-four billion U.S. dollars last year,… putting out its best performance report ever on strong demand for memory chips and sales of high-end display panels for the iPhone (ten) X.
It’s operating profit was over 50-billion dollars,… nearly double from the year before.
Looking at the company’s quarterly figures,… operating profit was at 14-billion dollars in Q4,… up over 64-percent on-year, and landing in the company’s initial estimate.
The company’s shares also spiked 41-percent last year.


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