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Samsung Electronics Q4 operating gain increases twenty six % on chip, screen panel sales

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

Jung Yeon je|AFP by Getty Images Samsung Electronics said on Thursday it expects its general profit to weaken in the initial quarter of 2021, hurt by unfavorable currency movements at its mind chip business and the expense of new production lines.

The forecast comes despite expected stable desire for its mobile products and in its data centers business.

Samsung posted a 26 % rise in operating profit in the October December quarter on the rear of strong mind chip shipments and display earnings, despite the impact of a reliable won, the price of a new chip output line, weaker memory chip prices, in addition to a quarter-on-quarter fall in smartphone shipments.

Samsung’s working benefit inside the fourth quarter rose to 9.05 trillion won ($8.17 billion), from 7.2 trillion won a season prior, within type with the business’s estimate earlier this month.

Revenue at the world’s top maker of memory chips as well as smartphones rose three % to 61.6 trillion won. Net profit rose 26 % to 6.6 trillion won.

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