Samsung Electronics Q4 operating benefit goes up twenty six % on chip, display control panel sales

Samsung claimed the fourth quarter operating profit of its rose 26 %, led by sales of memory fries and display panels.
That has been within line together with the tech giant’s support this month.
Samsung even said revenue rose 3 % to 61.6 trillion won, also meeting estimates on

Jung Yeon je|AFP by Getty Images Samsung Electronics claimed on Thursday it expects its general profit to weaken in the very first quarter of 2021, hurt by bad currency moves at the mind chip company of its and the price tag of brand new production lines.

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

Samsung posted a twenty six % increase 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 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 make money in the fourth quarter rose to 9.05 trillion won ($8.17 billion), through 7.2 trillion won a season earlier, in model with the business’s estimate earlier this month.

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

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