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

Samsung said its fourth-quarter operating profit rose twenty six %, led by sales of memory chips as well as display panels.
That has been inside line together with the tech giant’s guidance this month.
Samsung also said revenue rose 3 % to 61.6 trillion earned, also conference 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 very first quarter of 2021, hurt by unfavorable currency moves at its memory chip business together with the price tag of brand new production lines.

The forecast comes despite anticipated sound need for the mobile products of its and in its data centers business.

Samsung posted a twenty six % rise 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 price of a new chip output line, weaker mind chip prices, along with a quarter-on-quarter drop in smartphone shipments.

Samsung’s running make money inside the fourth quarter rose to 9.05 trillion received ($8.17 billion), from 7.2 trillion won a season earlier, inside line from the business’s appraisal earlier this month.

Revenue at the the planet’s top maker of smartphones as well as memory chips rose 3 % to 61.6 trillion won. Net benefit rose twenty six % to 6.6 trillion received.

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