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

Samsung claimed the fourth quarter operating profit of its rose 26 %, driven by sales of memory fries and display panels.
That has been within line together with the tech giant’s guidance this month.
Samsung even said revenue rose 3 % to 61.6 trillion received, 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 very first quarter of 2021, injured by bad currency moves at its memory chip company and the expense of new production lines.

The forecast comes despite expected solid need for its mobile products and in its information centers business.

Samsung posted a 26 % rise in operating profit in 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 the latest chip production line, weaker mind chip prices, in addition to a quarter-on-quarter drop in smartphone shipments.

Samsung’s working profit inside the fourth quarter rose to 9.05 trillion earned ($8.17 billion), by 7.2 trillion won a year earlier, inside type with all the company’s estimate earlier this month.

Revenue at the earth’s top maker of memory chips and smartphones rose 3 % to 61.6 trillion received. Net profit rose 26 % to 6.6 trillion received.

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