Samsung Electronics Q4 operating profit increases twenty six % on chip, screen panel sales

Samsung claimed its fourth-quarter operating profit rose twenty six %, led by sales of memory fries and display panels.
That was in line along with the tech giant’s direction this month.
Samsung even said revenue rose 3 % to 61.6 trillion received, also conference 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 first quarter of 2021, hurt by unfavorable currency moves at the mind chip business of its together with the cost of new production lines.

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

Samsung posted a twenty six % rise in operating profit in the October-December quarter on the back 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 prices, and a quarter-on-quarter fall of smartphone shipments.

Samsung’s running benefit inside the fourth quarter rose to 9.05 trillion earned ($8.17 billion), by 7.2 trillion earned a season earlier, inside model with the business’s estimate earlier this month.

Revenue at the world’s top maker of smartphones as well as memory chips rose three % to 61.6 trillion won. Net profit rose 26 % to 6.6 trillion won.