Samsung Electronics Q4 operating benefit rises twenty six % on chip, screen control panel sales

Samsung said its fourth-quarter operating profit rose 26 %, pushed by sales of memory fries as well as display panels.
That has been in line along with the tech giant’s guidance this month.
Samsung even said revenue rose 3 % to 61.6 trillion won, also conference estimates on

Jung Yeon je|AFP via Getty Images Samsung Electronics said on Thursday it expects its overall profit to weaken in the very first quarter of 2021, injured by unfavorable currency movements at its mind chip business and the expense of new production lines.

The forecast comes despite anticipated stable need for the mobile products of its and in the information centers business of its.

Samsung posted a 26 % increasing amount of operating profit within the October December quarter on the rear of strong mind chip shipments and display earnings, despite the effect of a strong won, the price of a brand new chip cultivation line, weaker mind chip costs, along with a quarter-on-quarter drop in smartphone shipments.

Samsung’s working make money in the fourth quarter rose to 9.05 trillion earned ($8.17 billion), from 7.2 trillion won a year prior, in model with all the business’s estimate earlier this month.

Revenue at the earth’s top maker of memory chips as well as smartphones rose 3 % to 61.6 trillion won. Net benefit rose 26 % to 6.6 trillion received.

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