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

Samsung claimed its fourth-quarter operating profit rose twenty six %, pushed by sales of mind potato chips as well as display panels.
This was within line along with the tech giant’s guidance this month.
Samsung even said revenue rose three % to 61.6 trillion received, also conference estimates on now.xyz.

Jung Yeon je|AFP via Getty Images Samsung Electronics claimed on Thursday it expects its overall profit to weaken in the first quarter of 2021, hurt by bad currency actions at the mind chip company of its together with the expense of brand new production lines.

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

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

Samsung’s operating benefit in the fourth quarter rose to 9.05 trillion won ($8.17 billion), from 7.2 trillion won a year prior, in type with all the company’s estimate earlier this month.

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

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