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Samsung Electronics Q4 operating profit rises twenty six % on chip, display panel sales

Samsung said its fourth quarter operating profit rose twenty six %, driven by sales of memory chips and display panels.
That was in line with the tech giant’s support this month.
Samsung even said revenue rose 3 % to 61.6 trillion won, 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 first quarter of 2021, hurt by unfavorable currency movements at the memory chip company of its together with the expense of new production lines.

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

Samsung posted a twenty six % increase in operating profit inside 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 the latest chip production line, weaker mind chip costs, and a quarter-on-quarter drop in smartphone shipments.

Samsung’s operating make money inside the fourth quarter rose to 9.05 trillion received ($8.17 billion), by 7.2 trillion won a year earlier, within model from the company’s estimate earlier this month.

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

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