Samsung Electronics Q4 operating profit rises twenty six % on chip, display screen control panel sales

Samsung claimed the fourth quarter operating profit of its rose 26 %, driven by sales of mind potato chips and display panels.
This was within line with the tech giant’s guidance this month.
Samsung also said revenue rose 3 % to 61.6 trillion won, 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 initial quarter of 2021, hurt by bad currency movements at its mind chip company as well as the cost of new production lines.

The forecast comes despite expected sound desire for the mobile products of its and in the information centers business of its.

Samsung posted a 26 % increasing amount of operating profit in the October December quarter on the back of strong mind chip shipments and display profits, despite the effect of a strong won, the cost of a new chip production line, weaker memory chip costs, and a quarter-on-quarter drop in smartphone shipments.

Samsung’s working profit inside the quarter quarter rose to 9.05 trillion won ($8.17 billion), through 7.2 trillion won a season prior, inside model from the business’s estimation earlier this month.

Revenue at the earth’s top maker of smartphones and memory chips rose 3 % to 61.6 trillion won. Net profit rose 26 % to 6.6 trillion received.