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

Samsung claimed the fourth-quarter operating profit of its rose twenty six %, pushed by sales of mind chips as well as display panels.
That has been within line with the tech giant’s support this month.
Samsung even said revenue rose three % to 61.6 trillion won, also meeting estimates on

Jung Yeon je|AFP via Getty Images Samsung Electronics said on Thursday it expects its general profit to weaken in the first quarter of 2021, hurt by unfavorable currency moves at its memory chip company together with the cost of new production lines.

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

Samsung posted a twenty six % increasing amount of operating profit within the October December quarter on the back of strong mind chip shipments and display earnings, despite the impact of a good won, the price of the latest chip cultivation line, weaker mind chip prices, and a quarter-on-quarter decline of smartphone shipments.

Samsung’s running benefit inside the quarter quarter rose to 9.05 trillion received ($8.17 billion), through 7.2 trillion earned a season earlier, within line with all the company’s estimation earlier this month.

Revenue at the world’s top maker of memory chips and smartphones rose 3 % to 61.6 trillion received. Net benefit rose 26 % to 6.6 trillion received.

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