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

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

Jung Yeon-je|AFP via Getty Images Samsung Electronics claimed on Thursday it expects its overall profit to weaken in the first quarter of 2021, injured by bad currency moves at its memory chip company as well as the price tag of brand new production lines.

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

Samsung posted a 26 % increase in operating profit inside the October December quarter on the back of strong memory chip shipments and display profits, despite the effect of a good won, the price of a new chip output line, weaker mind chip prices, along with a quarter-on-quarter decline in smartphone shipments.

Samsung’s running profit in the quarter quarter rose to 9.05 trillion received ($8.17 billion), from 7.2 trillion received a year earlier, in model from the business’s estimation earlier this month.

Revenue at the world’s top maker of memory chips as well as smartphones rose three % to 61.6 trillion won. Net benefit rose 26 % to 6.6 trillion received.

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