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

Samsung said its fourth-quarter operating profit rose 26 %, led by sales of mind fries as well as display panels.
That has been in line with the tech giant’s guidance this month.
Samsung even said revenue rose 3 % to 61.6 trillion received, 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 initial quarter of 2021, hurt by unfavorable currency moves at the mind chip company of its and the price tag of brand new production lines.

The forecast comes despite expected solid need for its mobile products and in its data centers business.

Samsung posted a twenty six % increase in operating profit in the October-December quarter on the back of strong memory chip shipments and display profits, despite the effect of a good won, the cost of a brand new chip output line, weaker mind chip costs, in addition to a quarter-on-quarter fall of smartphone shipments.

Samsung’s running benefit in the fourth quarter rose to 9.05 trillion received ($8.17 billion), by 7.2 trillion received a year earlier, in model with the business’s estimation earlier this month.

Revenue at the earth’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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