Samsung Made More Profit Last Quarter Than the Last Two Years Combined

Samsung Electronics reported net profit of 10.4 trillion won (approximately $8 billion) in the fourth quarter of 2024, according to the company's earnings announcement. The company's full-year 2024 profit totaled 29.8 trillion won, compared to 5.8 trillion won in 2023, driven primarily by memory chip sales and artificial intelligence-related demand. Despite the earnings increase, Samsung's stock price declined following the announcement as investors had anticipated higher results.

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