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

Samsung claimed the fourth quarter operating profit of its rose 26 %, pushed by sales of memory fries and display panels.
That has been in line with the tech giant’s guidance this month.
Samsung also said revenue rose 3 % to 61.6 trillion earned, also meeting estimates on

Jung Yeon-je|AFP by Getty Images Samsung Electronics said on Thursday it expects its overall profit to weaken in the very first quarter of 2021, hurt by unfavorable currency moves at its memory chip business and the cost of brand new production lines.

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

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

Samsung’s running benefit inside the fourth quarter rose to 9.05 trillion earned ($8.17 billion), through 7.2 trillion won a year earlier, in line with the company’s estimation earlier this month.

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

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