The company said it would adopt innovative technology like foldable OLED screens to further distinguish itself from competitors.
Samsung also says it will enter new businesses related to AI and smart devices through an expansion of its much-maligned Bixby voice assistant technology.
Now, with Samsung promoting foldable displays as a source of new revenue, we’re seeing the best sign yet that we’re close to finally seeing this folding Samsung concept.
For the fourth quarter of 2017, Samsung made $14.24 billion in operating profit and posted a profit of $50.43 billion for the full year. Its chip manufacturing arm was the top earner, causing the company to overtake Intel as the world’s largest chipmaker by revenue.
Total smartphone shipments declined as well, though shipments for flagship phones like the Galaxy Note 8 increased from the last quarter.
The company expects to improve its earnings in the first quarter of this year, led by sales of its flagship mobile devices, including the launch of the Galaxy S9 phones next month. Sales of its ultra large-size TVs are also expected to continue to grow.