Samsung Electronics Q4 operating profit increases 26 % on chip, screen panel sales

Samsung said its fourth-quarter operating profit rose twenty six %, led by sales of memory fries and display panels.
That was in line together with the tech giant’s direction this month.
Samsung even said revenue rose three % to 61.6 trillion earned, also meeting estimates on now.xyz.

Jung Yeon-je|AFP via Getty Images Samsung Electronics said on Thursday it expects its general profit to weaken in the very first quarter of 2021, hurt by unfavorable currency actions at its mind chip company and the price tag of new production lines.

The forecast comes despite expected sound demand for its mobile products and in its data centers business.

Samsung posted a 26 % increasing amount of operating profit within the October December quarter on the back of strong memory chip shipments and display earnings, despite the effect of a reliable won, the price of the latest chip production line, weaker memory chip prices, and a quarter-on-quarter drop in smartphone shipments.

Samsung’s running make money in the fourth quarter rose to 9.05 trillion earned ($8.17 billion), from 7.2 trillion received a year prior, in model with the company’s estimation earlier this month.

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

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