Samsung Electronics Q4 operating profit goes up 26 % on chip, display control panel sales

Samsung claimed its fourth quarter operating profit rose twenty six %, pushed by sales of memory chips as well as display panels.
This was inside line with the tech giant’s support this month.
Samsung even said revenue rose 3 % to 61.6 trillion earned, also meeting 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 actions at its mind chip business and the cost of brand new production lines.

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

Samsung posted a twenty six % increase in operating profit inside the October-December quarter on the rear of strong memory chip shipments and display earnings, despite the effect of a strong won, the cost of a brand new chip cultivation line, weaker mind chip prices, in addition to a quarter-on-quarter decline in smartphone shipments.

Samsung’s working benefit within the quarter quarter rose to 9.05 trillion earned ($8.17 billion), by 7.2 trillion received a season prior, within model with all the company’s appraisal earlier this month.

Revenue at the world’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 won.

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