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

Samsung claimed its fourth-quarter operating profit rose twenty six %, driven by sales of mind chips and display panels.
That was inside line along with the tech giant’s support this month.
Samsung also said revenue rose three % to 61.6 trillion received, also meeting 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 first quarter of 2021, injured by unfavorable currency moves at its mind chip business and the price tag of new production lines.

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

Samsung posted a twenty six % increasing amount of operating profit in the October-December quarter on the back of strong mind chip shipments and display earnings, despite the impact of a strong won, the price of the latest chip cultivation line, weaker mind chip costs, in addition to a quarter-on-quarter fall of smartphone shipments.

Samsung’s running profit in the fourth quarter rose to 9.05 trillion received ($8.17 billion), by 7.2 trillion earned a year earlier, in line with the company’s estimation earlier this month.

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