Samsung Electronics Q4 operating benefit goes up twenty six % on chip, display control panel sales

Samsung claimed the fourth-quarter operating profit of its rose 26 %, pushed by sales of mind chips as well as display panels.
That has been in line with the tech giant’s support this month.
Samsung also said revenue rose 3 % to 61.6 trillion received, also meeting estimates on

Jung Yeon-je|AFP via Getty Images Samsung Electronics claimed on Thursday it expects its general profit to weaken in the very first quarter of 2021, hurt by unfavorable currency movements at its memory chip company together with the cost of new production lines.

The forecast comes despite anticipated sound demand for its mobile products and in its data centers business.

Samsung posted a 26 % rise in operating profit in the October-December quarter on the rear of strong memory chip shipments and display profits, despite the impact of a good won, the price of a new chip production line, weaker memory chip prices, and a quarter-on-quarter decline of smartphone shipments.

Samsung’s running make money in the quarter quarter rose to 9.05 trillion won ($8.17 billion), by 7.2 trillion won a season earlier, inside type from the business’s estimate earlier this month.

Revenue at the world’s top maker of smartphones as well as memory chips rose 3 % to 61.6 trillion received. Net profit rose 26 % to 6.6 trillion received.