Samsung Electronics Q4 operating profit increases 26 % on chip, screen panel sales

Samsung said its fourth quarter operating profit rose twenty six %, led by sales of mind fries as well as display panels.
This was in line along with the tech giant’s guidance this month.
Samsung also said revenue rose 3 % to 61.6 trillion received, also meeting estimates on

Jung Yeon je|AFP by Getty Images Samsung Electronics said on Thursday it expects its general profit to weaken in the initial quarter of 2021, injured by bad currency actions at the mind chip business of its as well as the price tag of new production lines.

The forecast comes despite anticipated 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 back of strong mind chip shipments and display profits, despite the impact of a strong won, the cost of a brand new chip production line, weaker mind chip prices, along with a quarter-on-quarter decline of smartphone shipments.

Samsung’s working benefit within the fourth quarter rose to 9.05 trillion earned ($8.17 billion), by 7.2 trillion won a year earlier, inside model from the company’s appraisal earlier this month.

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

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