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

Samsung said the fourth quarter operating profit of its rose 26 %, pushed by sales of mind potato chips as well as display panels.
That was in line along with the tech giant’s guidance this month.
Samsung also said revenue rose three % to 61.6 trillion earned, also meeting estimates on now.xyz.

Jung Yeon-je|AFP by Getty Images Samsung Electronics said on Thursday it expects its overall profit to weaken in the first quarter of 2021, injured by bad currency movements at its memory chip company as well as the price tag of brand new production lines.

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

Samsung posted a 26 % increasing amount of operating profit within the October-December quarter on the rear of strong memory chip shipments and display earnings, despite the effect of a reliable won, the cost of the latest chip cultivation line, weaker memory chip costs, in addition to a quarter-on-quarter decline in smartphone shipments.

Samsung’s running benefit within the quarter quarter rose to 9.05 trillion won ($8.17 billion), from 7.2 trillion earned a year earlier, in model 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 won. Net benefit rose twenty six % to 6.6 trillion won.