Riding what it called a memory chip "super-cycle," Samsung reported record profits for 2017 and said that memory chip sales should remain strong this year. For 2017, Samsung announced a record profit of 53.7 trillion won ($50 billion USD). The previous record of 36.8 trillion won was set in 2013. Operating profit for the fourth quarter rose 64% to 15.15 trillion won ($14.13 billion USD).Samsung's mobile division was essentially flat in 2017 during the final three months of the year. From October through December, the unit contributed a profit of 2.4 trillion won ($2.23 billion USD). ...
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