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

Samsung claimed its fourth quarter operating profit rose twenty six %, led by sales of mind chips and display panels.
That has been inside line with the tech giant’s guidance this month.
Samsung even said revenue rose 3 % to 61.6 trillion won, also meeting 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 actions at the memory chip business of its together with the cost of brand new production lines.

The forecast comes despite anticipated sound desire for its mobile products and in its information centers business.

Samsung posted a twenty six % increasing amount of operating profit inside the October December quarter on the rear of strong memory chip shipments and display earnings, despite the impact of a good won, the cost of a brand new chip cultivation line, weaker mind chip prices, along with a quarter-on-quarter decline of smartphone shipments.

Samsung’s running profit in the fourth quarter rose to 9.05 trillion earned ($8.17 billion), from 7.2 trillion received a year earlier, within model from the company’s appraisal earlier this month.

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