Samsung Electronics Q4 operating benefit goes up 26 % on chip, screen board sales

Samsung claimed the fourth-quarter operating profit of its rose 26 %, driven by sales of mind potato chips as well as display panels.
That was inside line together with the tech giant’s guidance this month.
Samsung even said revenue rose 3 % to 61.6 trillion received, also meeting estimates on now.xyz.

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

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

Samsung posted a twenty six % increasing amount of operating profit inside the October December quarter on the backside of strong mind chip shipments and display profits, despite the impact of a good won, the cost of a new chip output line, weaker mind chip prices, and a quarter-on-quarter drop of smartphone shipments.

Samsung’s running profit inside the fourth quarter rose to 9.05 trillion earned ($8.17 billion), from 7.2 trillion received a season prior, in model with all the company’s estimation earlier this month.

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