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

Samsung said its fourth-quarter operating profit rose 26 %, led by sales of mind chips and display panels.
That has been inside line with the tech giant’s direction this month.
Samsung even said revenue rose three % to 61.6 trillion earned, also meeting estimates on now.xyz.

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

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

Samsung posted a 26 % increase in operating profit in the October December quarter on the back of strong memory chip shipments and display profits, despite the impact of a strong won, the cost of a brand new chip production line, weaker mind chip costs, along with a quarter-on-quarter decline in smartphone shipments.

Samsung’s running benefit within the quarter quarter rose to 9.05 trillion earned ($8.17 billion), by 7.2 trillion earned a season earlier, in line with all the business’s estimate earlier this month.

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

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