Samsung Electronics Q4 operating profit rises 26 % on chip, screen panel sales

Samsung claimed the fourth quarter operating profit of its rose twenty six %, pushed by sales of mind chips and display panels.
That has been within line together with the tech giant’s guidance this month.
Samsung even said revenue rose 3 % to 61.6 trillion won, also conference estimates on

Jung Yeon-je|AFP by Getty Images Samsung Electronics said on Thursday it expects its overall profit to weaken in the initial quarter of 2021, injured by bad currency moves at its memory chip company and the expense of new production lines.

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

Samsung posted a twenty six % increase in operating profit inside the October December quarter on the backside of strong mind chip shipments and display profits, despite the impact of a reliable won, the price of a new chip production line, weaker mind chip prices, in addition to a quarter-on-quarter decline in smartphone shipments.

Samsung’s operating make money within the fourth quarter rose to 9.05 trillion earned ($8.17 billion), through 7.2 trillion won a season prior, in model from the company’s estimation earlier this month.

Revenue at the earth’s top maker of smartphones as well as memory chips rose three % to 61.6 trillion received. Net profit rose twenty six % to 6.6 trillion received.

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