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

Samsung claimed its fourth quarter operating profit rose twenty six %, led by sales of mind chips as well as display panels.
That was inside line together with the tech giant’s support this month.
Samsung even said revenue rose 3 % to 61.6 trillion earned, also conference estimates on now.xyz.

Jung Yeon-je|AFP via Getty Images Samsung Electronics claimed on Thursday it expects its general profit to weaken in the initial quarter of 2021, hurt by unfavorable currency actions at its mind chip business together with the price tag of new production lines.

The forecast comes despite anticipated solid demand for its mobile products and in its data centers business.

Samsung posted a twenty six % rise in operating profit in the October December quarter on the backside of strong memory chip shipments and display earnings, despite the impact of a good won, the price of a brand new chip output line, weaker mind chip prices, in addition to a quarter-on-quarter drop of smartphone shipments.

Samsung’s running make money inside the quarter quarter rose to 9.05 trillion earned ($8.17 billion), through 7.2 trillion earned a year earlier, in line with all the company’s estimation earlier this month.

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