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

Samsung said the fourth quarter operating profit of its rose 26 %, led by sales of mind fries and display panels.
That was inside line along with the tech giant’s guidance this month.
Samsung even said revenue rose three % to 61.6 trillion earned, also meeting estimates on now.xyz.

Jung Yeon je|AFP via Getty Images Samsung Electronics said on Thursday it expects its general profit to weaken in the first quarter of 2021, hurt by unfavorable currency actions at its mind chip company together with the expense of brand new production lines.

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

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

Samsung’s working make money inside the quarter quarter rose to 9.05 trillion earned ($8.17 billion), by 7.2 trillion won a season earlier, in type from the company’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 profit rose twenty six % to 6.6 trillion received.