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

Samsung claimed its fourth quarter operating profit rose twenty six %, led by sales of mind potato chips and display panels.
That was inside line with the tech giant’s direction this month.
Samsung even said revenue rose three % to 61.6 trillion earned, also conference estimates on

Jung Yeon je|AFP by Getty Images Samsung Electronics claimed on Thursday it expects its overall profit to weaken in the very first quarter of 2021, injured by unfavorable currency moves at the mind chip business of its and the expense of new production lines.

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

Samsung posted a twenty six % rise in operating profit inside the October-December quarter on the backside of strong mind chip shipments and display earnings, despite the impact of a strong won, the price of a new chip production line, weaker memory chip prices, in addition to a quarter-on-quarter drop of smartphone shipments.

Samsung’s running make money in the quarter quarter rose to 9.05 trillion won ($8.17 billion), through 7.2 trillion received a year earlier, in line from the business’s estimation earlier this month.

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