Samsung Electronics Q4 operating benefit increases 26 % on chip, display screen panel sales

Samsung said the fourth quarter operating profit of its rose twenty six %, led by sales of memory fries as well as display panels.
That was in line along with the tech giant’s direction this month.
Samsung also said revenue rose three % 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 initial quarter of 2021, injured by unfavorable currency movements at the memory chip company of its as well as the price tag of new production lines.

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

Samsung posted a 26 % rise in operating profit in the October-December quarter on the rear of strong mind chip shipments and display earnings, despite the impact of a good won, the cost of a brand new chip production line, weaker mind chip costs, and a quarter-on-quarter drop in smartphone shipments.

Samsung’s running profit within the quarter quarter rose to 9.05 trillion won ($8.17 billion), by 7.2 trillion won a year earlier, within model with all the company’s estimate earlier this month.

Revenue at the earth’s top maker of memory chips as well as smartphones rose three % to 61.6 trillion received. Net profit rose 26 % to 6.6 trillion won.

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