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Samsung Electronics Q4 operating benefit rises 26 % on chip, screen control panel sales

Samsung claimed its fourth-quarter operating profit rose twenty six %, led by sales of mind potato chips as well as display panels.
That was inside line 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 via Getty Images Samsung Electronics claimed on Thursday it expects its general profit to weaken in the initial quarter of 2021, injured by bad currency moves at its mind chip company as well as the expense of brand new production lines.

The forecast comes despite expected stable need for its mobile products and in the information centers business of its.

Samsung posted a 26 % increase in operating profit within the October-December quarter on the back of strong mind chip shipments and display profits, despite the impact of a strong won, the cost of a new chip production line, weaker mind chip prices, and a quarter-on-quarter decline in smartphone shipments.

Samsung’s running make money within the fourth quarter rose to 9.05 trillion earned ($8.17 billion), from 7.2 trillion won a year prior, within model from the business’s estimate earlier this month.

Revenue at the earth’s top maker of smartphones and memory chips rose three % to 61.6 trillion won. Net profit rose twenty six % to 6.6 trillion won.

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