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

Samsung said the fourth-quarter operating profit of its rose twenty six %, led by sales of mind chips and display panels.
That was inside line together with the tech giant’s support this month.
Samsung also said revenue rose three % to 61.6 trillion earned, also meeting estimates on now.xyz.

Jung Yeon-je|AFP via Getty Images Samsung Electronics said on Thursday it expects its overall profit to weaken in the initial quarter of 2021, injured by bad currency movements at its memory chip company as well as the expense of brand new production lines.

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

Samsung posted a 26 % increasing amount of operating profit in the October December quarter on the rear of strong mind chip shipments and display profits, despite the effect of a good won, the cost of a brand new chip production line, weaker mind chip prices, along with a quarter-on-quarter drop of smartphone shipments.

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

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