Samsung Electronics Q4 operating gain increases twenty six % on chip, display panel sales

Samsung claimed its fourth-quarter operating profit rose twenty six %, driven by sales of mind potato chips and display panels.
This was in line along with the tech giant’s support 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 overall profit to weaken in the first quarter of 2021, injured by unfavorable currency movements at its memory chip business and the cost of brand new production lines.

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

Samsung’s working profit within the fourth quarter rose to 9.05 trillion won ($8.17 billion), through 7.2 trillion received a season earlier, in model with all the company’s estimation earlier this month.

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

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