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Samsung Electronics Q4 operating benefit goes up twenty six % on chip, display control panel sales

Samsung said the fourth-quarter operating profit of its rose twenty six %, driven by sales of memory fries as well as display panels.
This was in line together with the tech giant’s support this month.
Samsung also said revenue rose 3 % to 61.6 trillion earned, also meeting estimates on now.xyz.

Jung Yeon je|AFP via Getty Images Samsung Electronics claimed on Thursday it expects its overall profit to weaken in the very first quarter of 2021, injured by unfavorable currency movements at its mind chip business and the price tag of new production lines.

The forecast comes despite expected solid demand for its mobile products and in the data centers business of its.

Samsung posted a twenty six % increase in operating profit within the October December quarter on the backside of strong memory chip shipments and display profits, despite the impact of a strong won, the price of a new chip production line, weaker mind chip costs, along with a quarter-on-quarter decline of smartphone shipments.

Samsung’s working profit within the quarter quarter rose to 9.05 trillion won ($8.17 billion), through 7.2 trillion won a year earlier, in type with the business’s estimate earlier this month.

Revenue at the the planet’s top maker of smartphones as well as memory chips rose 3 % to 61.6 trillion won. Net benefit rose 26 % to 6.6 trillion received.

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