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Samsung Electronics Q4 operating benefit rises twenty six % on chip, screen panel sales

Samsung claimed its fourth quarter operating profit rose 26 %, pushed by sales of mind potato chips and display panels.
That was in line with the tech giant’s direction this month.
Samsung even said revenue rose 3 % to 61.6 trillion won, also meeting estimates on now.xyz.

Jung Yeon je|AFP by 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 its memory chip company and the cost of brand new production lines.

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

Samsung posted a twenty six % increasing amount of operating profit in the October December quarter on the backside of strong memory chip shipments and display earnings, despite the effect of a reliable won, the price of the latest chip output line, weaker mind chip costs, and a quarter-on-quarter fall of smartphone shipments.

Samsung’s working profit inside the quarter quarter rose to 9.05 trillion earned ($8.17 billion), through 7.2 trillion earned a year earlier, inside line with all the company’s appraisal earlier this month.

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

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