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

Samsung claimed its fourth quarter operating profit rose 26 %, led by sales of mind chips as well as display panels.
That was inside line with the tech giant’s direction this month.
Samsung also said revenue rose three % to 61.6 trillion received, also meeting estimates on

Jung Yeon je|AFP by Getty Images Samsung Electronics claimed on Thursday it expects its general profit to weaken in the initial quarter of 2021, hurt by bad currency movements at the memory chip business of its and the price tag of new production lines.

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

Samsung posted a 26 % rise in operating profit within the October-December quarter on the rear of strong mind chip shipments and display profits, despite the impact of a reliable won, the cost of a new chip output line, weaker mind chip costs, in addition to a quarter-on-quarter decline of smartphone shipments.

Samsung’s working make money in the fourth quarter rose to 9.05 trillion earned ($8.17 billion), through 7.2 trillion received a season earlier, within model with all the business’s appraisal earlier this month.

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

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