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

Samsung said its fourth-quarter operating profit rose twenty six %, driven by sales of memory chips and display panels.
This was inside line along with the tech giant’s direction this month.
Samsung even said revenue rose three % to 61.6 trillion won, also conference 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 first quarter of 2021, hurt by bad currency moves at the memory chip company of its as well as the price tag of new production lines.

The forecast comes despite anticipated stable demand for its mobile products and in its data centers business.

Samsung posted a 26 % increase in operating profit in the October-December quarter on the backside of strong memory chip shipments and display earnings, despite the effect of a good won, the price of a new chip cultivation line, weaker mind chip costs, and a quarter-on-quarter drop of smartphone shipments.

Samsung’s working profit in the fourth quarter rose to 9.05 trillion received ($8.17 billion), through 7.2 trillion won a year prior, in line with all the business’s estimation earlier this month.

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

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