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

Samsung said the fourth quarter operating profit of its rose twenty six %, driven by sales of memory chips as well as display panels.
That has been in line together with the tech giant’s guidance this month.
Samsung even said revenue rose 3 % 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 very first quarter of 2021, injured by bad currency moves at the mind chip company of its and the price tag of new production lines.

The forecast comes despite expected solid need for its mobile products and in its data centers business.

Samsung posted a twenty six % rise in operating profit inside the October-December quarter on the back of strong memory chip shipments and display profits, despite the effect of a good won, the cost of a new chip production line, weaker memory chip costs, and a quarter-on-quarter drop in smartphone shipments.

Samsung’s working profit inside the quarter quarter rose to 9.05 trillion received ($8.17 billion), by 7.2 trillion won a year earlier, in model from the company’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 won. Net benefit rose 26 % to 6.6 trillion received.

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