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

Samsung said its fourth-quarter operating profit rose 26 %, driven by sales of memory fries and display panels.
This was within line together with the tech giant’s direction this month.
Samsung also said revenue rose three % to 61.6 trillion received, also conference estimates on

Jung Yeon je|AFP via Getty Images Samsung Electronics claimed on Thursday it expects its overall profit to weaken in the very first quarter of 2021, injured by bad currency moves at the mind chip company of its as well as the cost of new production lines.

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

Samsung posted a 26 % increasing amount of operating profit within the October-December quarter on the backside of strong mind chip shipments and display profits, despite the impact of a good won, the price of the latest chip cultivation line, weaker memory chip prices, along with a quarter-on-quarter fall in smartphone shipments.

Samsung’s operating make money within the fourth quarter rose to 9.05 trillion earned ($8.17 billion), from 7.2 trillion earned a year earlier, inside type from the company’s estimation earlier this month.

Revenue at the world’s top maker of smartphones and memory chips rose 3 % to 61.6 trillion received. Net profit rose twenty six % to 6.6 trillion won.

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