Samsung Electronics Q4 operating benefit increases twenty six % on chip, screen control panel sales

Samsung claimed its fourth-quarter operating profit rose 26 %, led by sales of mind fries as well as display panels.
That was within line along with the tech giant’s guidance this month.
Samsung even said revenue rose three % to 61.6 trillion earned, also meeting estimates on

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

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

Samsung posted a twenty six % rise in operating profit inside the October December quarter on the back of strong mind chip shipments and display earnings, despite the impact of a reliable won, the cost of the latest chip output line, weaker memory chip prices, along with a quarter-on-quarter fall of smartphone shipments.

Samsung’s operating profit in the quarter quarter rose to 9.05 trillion earned ($8.17 billion), through 7.2 trillion earned a season prior, inside type from the business’s appraisal earlier this month.

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

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