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Samsung Electronics Q4 operating profit rises 26 % on chip, display control panel sales

Samsung said the fourth-quarter operating profit of its rose twenty six %, led by sales of memory fries and display panels.
This was within line along with the tech giant’s guidance this month.
Samsung also said revenue rose 3 % to 61.6 trillion received, also meeting estimates on now.xyz.

Jung Yeon-je|AFP via Getty Images Samsung Electronics said on Thursday it expects its overall profit to weaken in the initial quarter of 2021, hurt by unfavorable currency actions at the mind chip business of its as well as the expense of brand new production lines.

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

Samsung posted a 26 % increase in operating profit within the October December quarter on the back of strong mind chip shipments and display profits, despite the effect of a good won, the price of a brand new chip cultivation line, weaker mind chip prices, and a quarter-on-quarter drop of smartphone shipments.

Samsung’s running profit inside the quarter quarter rose to 9.05 trillion won ($8.17 billion), through 7.2 trillion won a season prior, inside type from the company’s appraisal earlier this month.

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

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