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Samsung Electronics Q4 operating gain increases 26 % on chip, display control panel sales

Samsung claimed its fourth quarter operating profit rose 26 %, pushed by sales of mind fries and display panels.
This was in line along with the tech giant’s support this month.
Samsung also said revenue rose three % to 61.6 trillion received, also conference estimates on now.xyz.

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, injured by bad currency actions at the mind chip company of its together with the price tag of new production lines.

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

Samsung posted a 26 % rise in operating profit inside 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 output line, weaker mind chip prices, along with a quarter-on-quarter fall of smartphone shipments.

Samsung’s running profit inside the fourth quarter rose to 9.05 trillion won ($8.17 billion), by 7.2 trillion received a season prior, within model with all the business’s estimate earlier this month.

Revenue at the the planet’s top maker of memory chips and smartphones rose 3 % to 61.6 trillion received. Net profit rose 26 % to 6.6 trillion won.

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