Samsung achieves record Q4 profit – 4.5 billion dollars


Samsung’s Q4 results are out, and it turns out innovating and making pretty nice products is a great way to make tons and tons of money. The Korean electronics giant has managed to post a record operating profit for Q4, and has managed to rake in 5.2 trillion won (amounting to $4.5 billion), which beat out initial estimates of 4.7 trillion won. Samsung’s success is attributed to the phenomenal performance of its smartphones, as well as the sale of its HDD business to Seagate and new revenue streams from mobile processing chips and OLED displays. All this cash means that we’ll be seeing a lot more innovation and more awesome products, right Samsung?

Source: Reuters