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Samsung Electronics Q4 operating gain rises 26 % on chip, display control panel sales

Samsung claimed its fourth-quarter operating profit rose 26 %, led by sales of memory chips as well as display panels.
That was within line along with the tech giant’s direction this month.
Samsung also said revenue rose 3 % to 61.6 trillion received, also meeting estimates on now.xyz.

Jung Yeon je|AFP via Getty Images Samsung Electronics claimed on Thursday it expects its overall profit to weaken in the very first quarter of 2021, hurt by bad currency actions at the mind chip company of its as well as the expense of new production lines.

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

Samsung posted a twenty six % increase in operating profit within the October-December quarter on the back of strong memory chip shipments and display earnings, despite the impact of a reliable won, the price of a brand new chip output line, weaker mind chip prices, along with a quarter-on-quarter decline of smartphone shipments.

Samsung’s operating profit within the fourth quarter rose to 9.05 trillion received ($8.17 billion), through 7.2 trillion received a year prior, within line with the business’s estimation earlier this month.

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

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