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Samsung Electronics Q4 operating profit goes up twenty six % on chip, screen control panel sales

Samsung said its fourth quarter operating profit rose twenty six %, led by sales of mind potato chips and display panels.
That has been within line along with the tech giant’s support this month.
Samsung even said revenue rose three % to 61.6 trillion received, 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, injured by bad currency actions at its memory chip company together with the cost of new production lines.

The forecast comes despite expected stable demand for its mobile products and in its information centers business.

Samsung posted a 26 % increasing amount of operating profit inside the October-December quarter on the back of strong mind chip shipments and display profits, despite the effect of a good won, the price of a new chip output line, weaker mind chip costs, and a quarter-on-quarter drop in smartphone shipments.

Samsung’s operating benefit within the fourth quarter rose to 9.05 trillion earned ($8.17 billion), from 7.2 trillion earned a year prior, within line with all the company’s estimate earlier this month.

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

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