Samsung Electronics Q4 operating gain rises twenty six % on chip, display control panel sales

Samsung said the fourth-quarter operating profit of its rose twenty six %, led by sales of mind fries as well as display panels.
That has been in line with the tech giant’s support this month.
Samsung also said revenue rose 3 % to 61.6 trillion received, also conference 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 first quarter of 2021, hurt by unfavorable currency movements at its memory chip business and the cost of brand new production lines.

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

Samsung posted a 26 % increase in operating profit in the October-December quarter on the rear of strong mind chip shipments and display profits, despite the effect of a strong won, the price of the latest chip production line, weaker memory chip costs, in addition to a quarter-on-quarter decline of smartphone shipments.

Samsung’s operating benefit within the fourth quarter rose to 9.05 trillion won ($8.17 billion), through 7.2 trillion earned a season prior, inside model from the business’s estimation earlier this month.

Revenue at the world’s top maker of smartphones and memory chips rose 3 % to 61.6 trillion won. Net profit rose twenty six % to 6.6 trillion won.