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Samsung’s Q4 earnings are up despite lackluster demand for its memory chips
Samsung had a strong end to 2024 as its revenues reached KRW 75.8 trillion ($52.1 billion) during the October – December quarter. The figure is 12% higher than the Q4 2023 revenues. Q4 operating profits totaled KRW 6.5 trillion ($4.47 billion), representing a 130% year-on-year jump. In addition, annual revenue for 2024 reached $207 billion – up from 178.3 billion for the previous financial year. This was Samsung’s second-highest annual revenue figure, only surpassed by 2022’s $244 billion. Profits for the 2024 financial year climbed to $22.5 billion – a five-fold increase compared...
Samsung had a strong end to 2024 as its revenues reached KRW 75.8 trillion ($52.1 billion) during the October – December quarter. The figure is 12% higher than the Q4 2023 revenues. Q4 operating profits totaled KRW 6.5 trillion ($4.47 billion), representing a 130% year-on-year jump. In addition, annual revenue for 2024 reached $207 billion – up from 178.3 billion for the previous financial year. This was Samsung’s second-highest annual revenue figure, only surpassed by 2022’s $244 billion. Profits for the 2024 financial year climbed to $22.5 billion – a five-fold increase compared...
