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

Samsung said its fourth-quarter operating profit rose 26 %, driven by sales of mind fries as well as display panels.
That was inside line along with the tech giant’s guidance this month.
Samsung also said revenue rose 3 % to 61.6 trillion received, also conference estimates on now.xyz.

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

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

Samsung posted a twenty six % increase in operating profit in 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 memory chip prices, in addition to a quarter-on-quarter drop in smartphone shipments.

Samsung’s working profit inside the fourth quarter rose to 9.05 trillion won ($8.17 billion), by 7.2 trillion won a season prior, within line with the business’s appraisal earlier this month.

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