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

Samsung said its fourth quarter operating profit rose 26 %, pushed by sales of memory potato chips and display panels.
That has been in line together with the tech giant’s direction this month.
Samsung even said revenue rose three % to 61.6 trillion earned, also conference 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, hurt by unfavorable currency actions at the mind chip company of its as well as the price tag of new production lines.

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

Samsung posted a 26 % increase in operating profit within the October December quarter on the back of strong memory chip shipments and display earnings, despite the effect of a strong won, the price of a new chip cultivation line, weaker mind chip costs, and a quarter-on-quarter drop of smartphone shipments.

Samsung’s running make money inside the quarter quarter rose to 9.05 trillion earned ($8.17 billion), through 7.2 trillion received a year prior, in line with all the business’s estimate earlier this month.

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