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

Samsung said the fourth quarter operating profit of its rose twenty six %, pushed by sales of mind chips and display panels.
That has been within line with the tech giant’s support this month.
Samsung even said revenue rose three % to 61.6 trillion earned, also conference estimates on

Jung Yeon je|AFP by Getty Images Samsung Electronics claimed on Thursday it expects its general profit to weaken in the first quarter of 2021, hurt by unfavorable currency movements at the mind chip business of its as well as the expense of brand new production lines.

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

Samsung posted a twenty six % increase in operating profit within the October December quarter on the backside of strong mind chip shipments and display earnings, despite the impact of a strong won, the cost of the latest chip output line, weaker memory chip costs, along with a quarter-on-quarter decline of smartphone shipments.

Samsung’s running benefit in the fourth quarter rose to 9.05 trillion won ($8.17 billion), from 7.2 trillion earned a year prior, within type with the company’s estimate earlier this month.

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

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