Samsung Electronics Q4 operating benefit rises 26 % on chip, display screen control panel sales

Samsung said the fourth-quarter operating profit of its rose 26 %, led by sales of memory potato chips and display panels.
That has been within line along with the tech giant’s guidance this month.
Samsung even said revenue rose three % to 61.6 trillion earned, also meeting estimates on now.xyz.

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

The forecast comes despite anticipated sound desire for the mobile products of its and in the data centers business of its.

Samsung posted a 26 % increasing amount of operating profit within the October-December quarter on the back of strong memory chip shipments and display earnings, despite the effect of a reliable won, the price of the latest chip cultivation line, weaker memory chip costs, along with a quarter-on-quarter drop in smartphone shipments.

Samsung’s operating profit in the quarter quarter rose to 9.05 trillion won ($8.17 billion), through 7.2 trillion received a year earlier, inside type with the company’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 twenty six % to 6.6 trillion won.