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

Samsung said its fourth-quarter operating profit rose 26 %, pushed by sales of mind potato chips as well as display panels.
That was inside line with the tech giant’s direction this month.
Samsung also said revenue rose three % to 61.6 trillion earned, also meeting estimates on

Jung Yeon-je|AFP via Getty Images Samsung Electronics claimed on Thursday it expects its general profit to weaken in the first quarter of 2021, hurt by bad currency movements at the memory chip business of its as well as the cost of brand new production lines.

The forecast comes despite anticipated stable need for its mobile products and in its data centers business.

Samsung posted a 26 % rise in operating profit within the October-December quarter on the rear of strong mind chip shipments and display earnings, despite the impact of a strong won, the cost of a brand new chip output line, weaker memory chip prices, along with a quarter-on-quarter fall in smartphone shipments.

Samsung’s running benefit in the quarter quarter rose to 9.05 trillion received ($8.17 billion), through 7.2 trillion received a year prior, in type with the business’s estimate earlier this month.

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

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