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Samsung Electronics Q4 operating benefit rises 26 % on chip, display panel sales

Samsung claimed the fourth-quarter operating profit of its rose 26 %, pushed by sales of memory chips and display panels.
That was inside line together with the tech giant’s support this month.
Samsung also said revenue rose three % 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 overall profit to weaken in the initial quarter of 2021, injured by bad currency movements at its memory chip company together with the price tag of brand new production lines.

The forecast comes despite anticipated sound need for its mobile products and in its data centers business.

Samsung posted a twenty six % rise in operating profit inside the October-December quarter on the back of strong memory chip shipments and display profits, despite the impact of a strong won, the cost of a new chip production line, weaker mind chip costs, along with a quarter-on-quarter drop in smartphone shipments.

Samsung’s working benefit inside the quarter quarter rose to 9.05 trillion won ($8.17 billion), from 7.2 trillion won a year prior, inside model with the business’s appraisal 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 won.

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