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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 twenty six %, led by sales of memory potato chips and display panels.
That was within line together with the tech giant’s support this month.
Samsung also said revenue rose three % to 61.6 trillion earned, also meeting 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 first quarter of 2021, hurt by bad currency movements at the memory chip company of its as well as the cost of new production lines.

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

Samsung posted a twenty six % increase in 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 cost of a new chip cultivation line, weaker memory chip prices, along with a quarter-on-quarter fall of smartphone shipments.

Samsung’s working benefit within the quarter quarter rose to 9.05 trillion received ($8.17 billion), from 7.2 trillion received a year prior, within model from the company’s estimation earlier this month.

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

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