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Samsung Electronics Q4 operating gain rises 26 % on chip, display screen panel sales

Samsung said the fourth-quarter operating profit of its rose twenty six %, driven by sales of mind potato chips as well as display panels.
That has been inside line along with the tech giant’s guidance this month.
Samsung also said revenue rose 3 % to 61.6 trillion earned, also meeting 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 first quarter of 2021, injured by unfavorable currency actions at its mind chip business as well as the cost of 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 % rise in operating profit within the October December quarter on the backside of strong mind chip shipments and display earnings, despite the effect of a strong won, the cost of a brand new chip output line, weaker memory chip costs, and a quarter-on-quarter decline in smartphone shipments.

Samsung’s running profit inside the fourth quarter rose to 9.05 trillion received ($8.17 billion), through 7.2 trillion won a year prior, in model with the business’s estimate earlier this month.

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

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