Samsung Electronics Q4 operating gain rises 26 % on chip, display screen control panel sales
Samsung said its fourth quarter operating profit rose 26 %, driven by sales of memory fries and 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 earned, 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 moves at the memory chip business of its together with the price tag of new production lines.
The forecast comes despite anticipated stable need for the mobile products of its and in its data centers business.
Samsung posted a twenty six % 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 strong won, the cost of a brand new chip output line, weaker mind chip prices, and a quarter-on-quarter fall of smartphone shipments.
Samsung’s running benefit inside the fourth quarter rose to 9.05 trillion won ($8.17 billion), from 7.2 trillion earned a season prior, inside line 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 profit rose 26 % to 6.6 trillion received.