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

Samsung said its fourth-quarter operating profit rose 26 %, led by sales of memory potato chips and display panels.
This was in line along with the tech giant’s guidance this month.
Samsung even said revenue rose 3 % to 61.6 trillion received, 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 moves at its mind chip company together with the price tag of new production lines.

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

Samsung posted a twenty six % increase in operating profit inside the October December quarter on the back of strong mind chip shipments and display profits, despite the effect of a strong won, the price of the latest chip production line, weaker mind chip prices, and a quarter-on-quarter decline in smartphone shipments.

Samsung’s operating make money inside the fourth quarter rose to 9.05 trillion earned ($8.17 billion), from 7.2 trillion received a season earlier, inside line with all the company’s estimate earlier this month.

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

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