Samsung Electronics Q4 operating profit goes up twenty six % on chip, screen panel sales

Samsung claimed the fourth-quarter operating profit of its rose 26 %, driven by sales of memory chips and display panels.
That was inside line together with the tech giant’s guidance this month.
Samsung also said revenue rose 3 % to 61.6 trillion received, also meeting estimates on

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

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

Samsung posted a 26 % increase in operating profit in 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 memory chip prices, and a quarter-on-quarter fall of smartphone shipments.

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

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

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