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Samsung Electronics Q4 operating profit goes up 26 % on chip, screen control panel sales

Samsung said its fourth quarter operating profit rose twenty six %, driven by sales of mind potato chips and display panels.
That was within line together with the tech giant’s support this month.
Samsung also said revenue rose 3 % to 61.6 trillion won, also meeting estimates on now.xyz.

Jung Yeon-je|AFP via Getty Images Samsung Electronics said on Thursday it expects its general profit to weaken in the first quarter of 2021, injured by bad currency moves at its mind chip business as well as the price tag of new production lines.

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

Samsung posted a twenty six % increase in operating profit inside the October December quarter on the backside of strong mind chip shipments and display earnings, despite the impact of a strong won, the price of the latest chip output line, weaker memory chip prices, in addition to a quarter-on-quarter drop of smartphone shipments.

Samsung’s running profit within the fourth quarter rose to 9.05 trillion received ($8.17 billion), through 7.2 trillion received a year earlier, within line with all the company’s estimation earlier this month.

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

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