Samsung Electronics Q4 operating benefit rises twenty six % on chip, display board sales

Samsung claimed its fourth quarter operating profit rose twenty six %, pushed by sales of memory chips as well as display panels.
That was within line along with the tech giant’s direction this month.
Samsung even said revenue rose three % to 61.6 trillion won, 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 bad currency actions at the memory chip company of its and the cost of brand new production lines.

The forecast comes despite expected sound 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 mind chip shipments and display earnings, despite the effect of a strong won, the cost of a brand new chip cultivation line, weaker memory chip prices, and a quarter-on-quarter fall of smartphone shipments.

Samsung’s operating profit inside the fourth quarter rose to 9.05 trillion earned ($8.17 billion), by 7.2 trillion earned a year earlier, inside type with the company’s estimation earlier this month.

Revenue at the world’s top maker of smartphones as well as memory chips rose 3 % to 61.6 trillion won. Net benefit rose twenty six % to 6.6 trillion won.

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