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South Korean giant Samsung has bounced back after last year’s tumble on the Global 500, rising from No. 19 to No. 15. With $205.6 billion in annual revenue, profits at the company—which rose 26.4% year over year to $31 billion—were led by strong growth in its display and memory chip businesses. While a surge in marketing spending and the Korean won’s appreciation weighed on the bottom line, the company’s 4G and 5G networks business more than picked up the slack. Smartphone sales were down, however, and Samsung ceded its position as the world’s largest smartphone company by shipments to China’s Huawei Technologies.
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