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Samsung Electronics Q4 operating profit rises twenty six % on chip, screen board sales

Samsung said the fourth-quarter operating profit of its rose 26 %, pushed by sales of mind potato chips and display panels.
This was in line along with the tech giant’s direction this month.
Samsung even said revenue rose 3 % to 61.6 trillion won, also conference estimates on now.xyz.

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

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

Samsung posted a 26 % rise in operating profit in the October-December quarter on the rear of strong memory chip shipments and display earnings, despite the effect of a strong won, the price of the latest chip production line, weaker memory chip prices, and a quarter-on-quarter drop in smartphone shipments.

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

Revenue at the the planet’s top maker of memory chips and smartphones rose 3 % to 61.6 trillion won. Net benefit rose twenty six % to 6.6 trillion won.

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