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

Samsung said its fourth-quarter operating profit rose twenty six %, led by sales of mind potato chips as well as display panels.
This was within line along with the tech giant’s support this month.
Samsung even said revenue rose 3 % to 61.6 trillion earned, also conference estimates on now.xyz.

Jung Yeon-je|AFP by Getty Images Samsung Electronics claimed on Thursday it expects its overall profit to weaken in the first quarter of 2021, injured by bad currency actions at the mind chip company of its and the expense of brand new production lines.

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

Samsung posted a 26 % rise in operating profit within the October December quarter on the rear of strong memory chip shipments and display profits, despite the impact of a strong won, the cost of a brand new chip output line, weaker mind chip prices, and a quarter-on-quarter drop in smartphone shipments.

Samsung’s running profit in the fourth quarter rose to 9.05 trillion earned ($8.17 billion), by 7.2 trillion received a year prior, inside model with all the business’s appraisal earlier this month.

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

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