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Samsung Electronics Q4 operating profit increases 26 % on chip, display panel sales

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

Jung Yeon je|AFP via Getty Images Samsung Electronics claimed on Thursday it expects its general profit to weaken in the first quarter of 2021, hurt by bad currency movements at its mind chip business as well as the expense of new production lines.

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

Samsung posted a twenty six % increase in operating profit in the October December quarter on the backside of strong memory chip shipments and display earnings, despite the effect of a strong won, the cost of a brand new chip cultivation line, weaker memory chip prices, along with a quarter-on-quarter decline of smartphone shipments.

Samsung’s working profit in the quarter quarter rose to 9.05 trillion won ($8.17 billion), from 7.2 trillion won a season prior, in type with all the business’s estimation 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 26 % to 6.6 trillion received.

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