Samsung Electronics Q4 operating profit rises 26 % on chip, display screen board sales

Samsung claimed the fourth quarter operating profit of its rose twenty six %, led by sales of mind fries and display panels.
This was inside line with the tech giant’s guidance this month.
Samsung also 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 general profit to weaken in the very first quarter of 2021, hurt by bad currency movements at the memory chip company of its and the expense of brand new production lines.

The forecast comes despite anticipated solid demand for the mobile products of its and in its information centers business.

Samsung posted a 26 % increasing amount of operating profit within the October December quarter on the rear of strong memory chip shipments and display profits, despite the impact of a reliable won, the cost of a new chip production line, weaker mind chip prices, and a quarter-on-quarter drop of smartphone shipments.

Samsung’s working benefit in the quarter quarter rose to 9.05 trillion won ($8.17 billion), from 7.2 trillion earned a year earlier, within type with all the business’s appraisal earlier this month.

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