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Samsung Electronics Q4 operating gain rises 26 % on chip, screen board sales

Samsung claimed its fourth quarter operating profit rose twenty six %, pushed by sales of mind fries as well as display panels.
That has been within line together with the tech giant’s guidance this month.
Samsung even said revenue rose 3 % to 61.6 trillion received, also meeting estimates on now.xyz.

Jung Yeon je|AFP via Getty Images Samsung Electronics said on Thursday it expects its general profit to weaken in the first quarter of 2021, injured by bad currency actions at the mind chip business of its and the price tag of brand new production lines.

The forecast comes despite anticipated solid desire for the mobile products of its and in the data centers business of its.

Samsung posted a twenty six % rise in operating profit in the October-December quarter on the rear of strong mind chip shipments and display profits, despite the effect of a strong won, the price of a brand new chip output line, weaker mind chip prices, along with a quarter-on-quarter fall of smartphone shipments.

Samsung’s running benefit in the fourth quarter rose to 9.05 trillion won ($8.17 billion), by 7.2 trillion received a year prior, in type with all the company’s estimation earlier this month.

Revenue at the earth’s top maker of memory chips and smartphones rose 3 % to 61.6 trillion received. Net benefit rose twenty six % to 6.6 trillion received.

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