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

Samsung said the fourth quarter operating profit of its rose twenty six %, led by sales of memory chips and display panels.
That was inside line along with the tech giant’s guidance this month.
Samsung also said revenue rose three % to 61.6 trillion received, also conference estimates on now.xyz.

Jung Yeon-je|AFP by Getty Images Samsung Electronics said on Thursday it expects its general profit to weaken in the first quarter of 2021, hurt by bad currency movements at the memory chip company of its together with the price tag of new production lines.

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

Samsung posted a twenty six % increase in operating profit within the October December quarter on the back of strong mind chip shipments and display earnings, despite the effect of a good won, the cost of a new chip output line, weaker mind chip costs, and a quarter-on-quarter decline of smartphone shipments.

Samsung’s operating benefit within the fourth quarter rose to 9.05 trillion earned ($8.17 billion), by 7.2 trillion earned a year earlier, in type from the business’s appraisal earlier this month.

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

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