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

Samsung said its fourth-quarter operating profit rose twenty six %, pushed by sales of mind chips and display panels.
That was inside line along with the tech giant’s guidance 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 said on Thursday it expects its general profit to weaken in the first quarter of 2021, injured by unfavorable currency actions at the mind chip business of its as well as the price tag of new production lines.

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

Samsung posted a 26 % increase in operating profit inside the October December quarter on the back of strong memory chip shipments and display profits, despite the effect of a reliable won, the cost of the latest chip production line, weaker memory chip costs, in addition to a quarter-on-quarter decline of smartphone shipments.

Samsung’s operating profit inside the quarter quarter rose to 9.05 trillion earned ($8.17 billion), by 7.2 trillion earned a season earlier, within type with all the business’s estimate earlier this month.

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

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