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Samsung Electronics Q4 operating profit goes up 26 % on chip, display screen control panel sales

Samsung said the fourth-quarter operating profit of its rose twenty six %, led by sales of memory potato chips as well as display panels.
That was inside line along with the tech giant’s support this month.
Samsung even said revenue rose 3 % to 61.6 trillion received, also meeting estimates on now.xyz.

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

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

Samsung posted a twenty six % increasing amount of operating profit within the October December quarter on the back of strong mind chip shipments and display earnings, despite the impact of a reliable won, the price of a brand new chip cultivation line, weaker mind chip prices, in addition to a quarter-on-quarter drop in smartphone shipments.

Samsung’s operating benefit inside the fourth quarter rose to 9.05 trillion won ($8.17 billion), through 7.2 trillion received a season earlier, in line with the business’s estimation earlier this month.

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

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