Samsung Electronics Q4 operating profit increases twenty six % on chip, display board sales

Samsung said the fourth quarter operating profit of its rose 26 %, led by sales of memory fries as well as display panels.
That has been in line together with the tech giant’s direction this month.
Samsung even said revenue rose three % to 61.6 trillion won, also meeting estimates on

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 moves at its mind chip company together with the price tag of brand 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 within the October December quarter on the back of strong mind chip shipments and display profits, despite the impact of a good won, the cost of a brand new chip production line, weaker mind chip prices, and a quarter-on-quarter fall of smartphone shipments.

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

Revenue at the the planet’s top maker of memory chips as well as smartphones rose three % to 61.6 trillion received. Net profit rose 26 % to 6.6 trillion received.

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