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 and display panels.
This was within line together with the tech giant’s support this month.
Samsung even said revenue rose three % to 61.6 trillion won, also conference estimates on now.xyz.

Jung Yeon je|AFP via Getty Images Samsung Electronics said on Thursday it expects its general profit to weaken in the very first quarter of 2021, injured by unfavorable currency movements at the mind chip company of its and the expense of new production lines.

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

Samsung posted a twenty six % increasing amount of operating profit inside the October-December quarter on the back of strong mind chip shipments and display earnings, despite the effect of a reliable won, the price of a new chip output line, weaker mind chip costs, in addition to a quarter-on-quarter decline in smartphone shipments.

Samsung’s running benefit inside the quarter quarter rose to 9.05 trillion earned ($8.17 billion), through 7.2 trillion received a season prior, in model from the company’s estimation earlier this month.

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