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

Samsung claimed the fourth-quarter operating profit of its rose twenty six %, driven by sales of mind fries as well as display panels.
That has been within line with the tech giant’s guidance this month.
Samsung even said revenue rose three % to 61.6 trillion earned, 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, hurt by bad currency moves at its mind chip company together with the cost of brand new production lines.

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

Samsung posted a 26 % rise in operating profit in the October-December quarter on the rear of strong memory chip shipments and display profits, despite the impact of a good won, the price of a new chip production line, weaker memory chip prices, and a quarter-on-quarter decline of smartphone shipments.

Samsung’s operating benefit inside the quarter quarter rose to 9.05 trillion received ($8.17 billion), from 7.2 trillion earned a season prior, within model from the company’s appraisal earlier this month.

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