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Samsung Electronics Q4 operating benefit goes up 26 % on chip, display control panel sales

Samsung said its fourth-quarter operating profit rose 26 %, led by sales of mind fries and display panels.
That was in line with the tech giant’s support this month.
Samsung even said revenue rose 3 % to 61.6 trillion received, also conference estimates on now.xyz.

Jung Yeon-je|AFP via Getty Images Samsung Electronics claimed on Thursday it expects its overall profit to weaken in the initial quarter of 2021, hurt by unfavorable currency actions at its memory chip business as well as the cost 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 26 % increase in operating profit inside the October December quarter on the backside of strong mind chip shipments and display profits, despite the impact 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 operating make money within the quarter quarter rose to 9.05 trillion received ($8.17 billion), from 7.2 trillion earned a season earlier, within type from the business’s estimate earlier this month.

Revenue at the world’s top maker of memory chips and smartphones rose three % to 61.6 trillion received. Net benefit rose twenty six % to 6.6 trillion received.

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