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Samsung Electronics Q4 operating profit goes up 26 % on chip, display screen board sales

Samsung claimed its fourth-quarter operating profit rose twenty six %, pushed by sales of memory potato chips as well as display panels.
That was inside line along with the tech giant’s guidance this month.
Samsung also said revenue rose three % to 61.6 trillion won, also conference estimates on now.xyz.

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

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

Samsung posted a 26 % increase in operating profit within the October-December quarter on the back of strong mind chip shipments and display profits, despite the effect of a good won, the cost of the latest chip output line, weaker mind chip prices, along with a quarter-on-quarter decline in smartphone shipments.

Samsung’s operating benefit inside the fourth quarter rose to 9.05 trillion won ($8.17 billion), through 7.2 trillion won a season earlier, within model from the business’s estimate earlier this month.

Revenue at the world’s top maker of memory chips as well as smartphones rose three % to 61.6 trillion received. Net benefit rose 26 % to 6.6 trillion received.

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