Samsung Electronics Q4 operating profit rises twenty six % on chip, display board sales
Samsung said its fourth-quarter operating profit rose twenty six %, driven by sales of memory fries and display panels.
That was within line together with the tech giant’s guidance this month.
Samsung even said revenue rose three % to 61.6 trillion won, also conference 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 initial quarter of 2021, hurt by unfavorable currency movements at its memory chip business as well as the expense of brand new production lines.
The forecast comes despite anticipated solid need for the mobile products of its and in the data centers business of its.
Samsung posted a 26 % increase in operating profit inside the October December quarter on the rear of strong mind chip shipments and display profits, despite the effect of a reliable won, the cost of a brand new chip cultivation line, weaker memory chip costs, and a quarter-on-quarter decline of smartphone shipments.
Samsung’s running benefit within the quarter quarter rose to 9.05 trillion earned ($8.17 billion), from 7.2 trillion won a season earlier, inside model with the company’s appraisal earlier this month.
Revenue at the world’s top maker of memory chips as well as smartphones rose 3 % to 61.6 trillion received. Net profit rose twenty six % to 6.6 trillion received.