Samsung Electronics Q4 operating benefit goes up twenty six % on chip, display screen control panel sales

Samsung claimed the fourth quarter operating profit of its rose 26 %, driven by sales of mind fries as well as display panels.
This was inside line along with the tech giant’s guidance this month.
Samsung even said revenue rose three % to 61.6 trillion received, also meeting estimates on

Jung Yeon-je|AFP by Getty Images Samsung Electronics claimed on Thursday it expects its general profit to weaken in the very first quarter of 2021, injured by bad currency moves at the memory chip company of its and the cost of new production lines.

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

Samsung posted a 26 % increase in operating profit within the October December quarter on the rear of strong memory chip shipments and display earnings, despite the impact of a reliable won, the price of a new chip output line, weaker memory chip costs, in addition to a quarter-on-quarter fall in smartphone shipments.

Samsung’s operating make money within the fourth quarter rose to 9.05 trillion earned ($8.17 billion), from 7.2 trillion received a season prior, inside line with the business’s estimation earlier this month.

Revenue at the the planet’s top maker of memory chips as well as smartphones rose 3 % to 61.6 trillion received. Net profit rose 26 % to 6.6 trillion received.

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