Regardless of its authorized battles with the South Korean authorities following a bribery scandal, Samsung soared to a report working revenue of $14 billion within the fourth quarter, up from $eight.6 billion a yr in the past (following the Observe 7 tragedy), to succeed in a complete of $50 billion for the whole yr.
The yearly revenue was nearly twice that of $27 billion that Samsung attained final yr, making it Samsung’s highest determine to-date. General revenue for the yr reached 239.58 trillion gained.
In the course of the quarter, it additionally permitted a 50:1 inventory cut up, with the earnings report bumping its shares by four.6%. All year long, Samsung’s inventory worth has seen a achieve of 26%
Reminiscence Chip Enterprise
As anticipated, it was the reminiscence division, with its DRAM and NAND merchandise, which took the crown with a report $69 billion in annual gross sales. This marks the primary time that Samsung overtook Intel, which had gross sales of $63 billion, to grow to be the highest canine within the chip enterprise.
The smartphone enterprise noticed a slight decline to $2.25 billion, down from $2.three billion of This autumn a yr in the past, after it noticed decreased demand for the finances telephones, although, the newly-released Observe eight remained robust. Samsung expects gross sales to extend as soon as the Galaxy S9 is accessible.
Show Division and Shopper Home equipment
The show enterprise was principally high quality, recording a $1.three billion revenue for the quarter, because of Apple’s order for OLED panels used within the iPhone X, although, LCD demand declined, alternatively. Apple has additionally reportedly slowed manufacturing of the iPhone X, which can damage the division sooner or later.
Shopper home equipment now make up lower than 5 % of Samsung’s income. The Shopper Electronics division stayed robust because of demand for QLED in addition to large-sized fashions.