Samsung Electronics Q4 operating profit goes up 26 % on chip, display screen board sales

Samsung claimed the fourth-quarter operating profit of its rose 26 %, driven by sales of memory fries and display panels.
This was inside line along with the tech giant’s support this month.
Samsung even said revenue rose 3 % to 61.6 trillion earned, also meeting estimates on

Jung Yeon je|AFP via Getty Images Samsung Electronics said on Thursday it expects its overall profit to weaken in the very first quarter of 2021, injured by unfavorable currency movements at its memory chip business and the expense of brand new production lines.

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

Samsung posted a 26 % rise in operating profit inside the October-December quarter on the back of strong memory chip shipments and display profits, despite the effect of a reliable won, the cost of a brand new chip output line, weaker mind chip costs, and a quarter-on-quarter drop of smartphone shipments.

Samsung’s operating benefit in the quarter quarter rose to 9.05 trillion earned ($8.17 billion), from 7.2 trillion earned a season earlier, inside line with the business’s appraisal earlier this month.

Revenue at the earth’s top maker of memory chips and smartphones rose three % to 61.6 trillion received. Net profit rose twenty six % to 6.6 trillion received.

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