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

Samsung claimed the fourth quarter operating profit of its rose 26 %, driven by sales of memory potato chips as well as display panels.
This was within line with the tech giant’s direction this month.
Samsung even said revenue rose 3 % 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 overall profit to weaken in the very first quarter of 2021, injured by bad currency moves at the memory chip company of its and the cost of brand new production lines.

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

Samsung posted a 26 % rise in operating profit within the October December quarter on the rear of strong memory chip shipments and display earnings, despite the impact of a reliable won, the cost of a brand new chip output line, weaker mind chip prices, along with a quarter-on-quarter decline in smartphone shipments.

Samsung’s running benefit inside the fourth quarter rose to 9.05 trillion received ($8.17 billion), from 7.2 trillion received a year earlier, within line with all the company’s appraisal earlier this month.

Revenue at the world’s top maker of smartphones and memory chips rose three % to 61.6 trillion received. Net benefit rose 26 % to 6.6 trillion received.

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