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

Samsung claimed its fourth-quarter operating profit rose 26 %, pushed by sales of mind chips as well as display panels.
This was within line along with the tech giant’s guidance this month.
Samsung even said revenue rose 3 % to 61.6 trillion won, also meeting estimates on now.xyz.

Jung Yeon je|AFP by Getty Images Samsung Electronics claimed on Thursday it expects its overall profit to weaken in the first quarter of 2021, injured by bad currency movements at its mind chip company and the cost of new production lines.

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

Samsung posted a twenty six % rise in operating profit in the October-December quarter on the back of strong memory chip shipments and display earnings, despite the impact of a strong won, the price of a brand new chip cultivation line, weaker memory chip prices, and a quarter-on-quarter fall in smartphone shipments.

Samsung’s running profit within the fourth quarter rose to 9.05 trillion won ($8.17 billion), through 7.2 trillion received a year prior, inside type from the company’s estimation earlier this month.

Revenue at the world’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.