Samsung Electronics Q4 operating benefit goes up twenty six % on chip, display screen board sales
Samsung said its fourth quarter operating profit rose 26 %, driven by sales of mind potato chips as well as display panels.
That has been inside line with the tech giant’s direction this month.
Samsung even said revenue rose 3 % to 61.6 trillion won, also conference estimates on now.xyz.
Jung Yeon je|AFP via Getty Images Samsung Electronics claimed on Thursday it expects its overall profit to weaken in the initial quarter of 2021, injured by unfavorable currency movements at its memory chip company together with the price tag of brand new production lines.
The forecast comes despite expected stable need for the mobile products of its and in its information centers business.
Samsung posted a twenty six % increase in operating profit inside the October-December quarter on the back of strong mind chip shipments and display profits, despite the impact of a strong won, the price of the latest chip production line, weaker mind chip costs, along with a quarter-on-quarter drop in smartphone shipments.
Samsung’s running benefit in the quarter quarter rose to 9.05 trillion received ($8.17 billion), from 7.2 trillion won a season earlier, in line from the business’s appraisal earlier this month.
Revenue at the the planet’s top maker of smartphones and memory chips rose 3 % to 61.6 trillion won. Net profit rose 26 % to 6.6 trillion received.