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Samsung Electronics Q4 operating profit rises twenty six % on chip, display screen board sales

Samsung said the fourth-quarter operating profit of its rose twenty six %, led by sales of memory potato chips as well as display panels.
That was inside line together with the tech giant’s support this month.
Samsung even said revenue rose 3 % to 61.6 trillion won, also meeting estimates on now.xyz.

Jung Yeon-je|AFP via Getty Images Samsung Electronics claimed on Thursday it expects its general profit to weaken in the very first quarter of 2021, injured by bad currency moves at its memory chip business together with the cost of new production lines.

The forecast comes despite anticipated stable demand for the mobile products of its and in its information centers business.

Samsung posted a twenty six % increasing amount of operating profit within the October December quarter on the rear of strong mind chip shipments and display earnings, despite the effect of a good won, the cost of the latest chip output line, weaker mind chip costs, and a quarter-on-quarter decline of smartphone shipments.

Samsung’s working profit inside the quarter quarter rose to 9.05 trillion won ($8.17 billion), by 7.2 trillion won a year prior, inside line with all the company’s estimation earlier this month.

Revenue at the the planet’s top maker of smartphones and memory chips rose 3 % to 61.6 trillion received. Net profit rose twenty six % to 6.6 trillion received.

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