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

Samsung claimed its fourth-quarter operating profit rose 26 %, pushed by sales of memory potato chips and display panels.
That has been 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 by Getty Images Samsung Electronics said on Thursday it expects its overall profit to weaken in the first quarter of 2021, hurt by unfavorable currency actions at its mind chip business together with the cost of new production lines.

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

Samsung posted a twenty six % increase in operating profit inside the October December quarter on the rear of strong memory chip shipments and display earnings, despite the effect of a good won, the price of a brand new chip cultivation line, weaker mind chip costs, in addition to a quarter-on-quarter drop in smartphone shipments.

Samsung’s operating profit within the quarter quarter rose to 9.05 trillion earned ($8.17 billion), by 7.2 trillion won a season prior, in line from the business’s appraisal earlier this month.

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

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