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

Samsung said its fourth-quarter operating profit rose 26 %, driven by sales of mind chips as well as display panels.
This was within line along with the tech giant’s support this month.
Samsung also said revenue rose three % to 61.6 trillion earned, also conference estimates on now.xyz.

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

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

Samsung posted a twenty six % increase in operating profit within the October December quarter on the rear of strong mind chip shipments and display earnings, despite the effect of a reliable won, the price of a new chip output line, weaker memory chip costs, along with a quarter-on-quarter drop of smartphone shipments.

Samsung’s running profit in the quarter quarter rose to 9.05 trillion received ($8.17 billion), through 7.2 trillion earned a year prior, in line from the business’s estimation earlier this month.

Revenue at the world’s top maker of smartphones and memory chips rose three % to 61.6 trillion won. Net benefit rose 26 % to 6.6 trillion received.

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