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

Samsung said its fourth-quarter operating profit rose 26 %, led by sales of mind fries and display panels.
This was inside line with the tech giant’s direction this month.
Samsung also said revenue rose three % to 61.6 trillion received, also conference estimates on now.xyz.

Jung Yeon-je|AFP by Getty Images Samsung Electronics said on Thursday it expects its overall profit to weaken in the initial quarter of 2021, injured by bad currency moves at its memory chip business together with the expense of new production lines.

The forecast comes despite expected sound need for its mobile products and in its data centers business.

Samsung posted a 26 % increase in operating profit within the October December quarter on the rear of strong mind chip shipments and display profits, despite the effect of a good won, the price of a brand new chip output line, weaker mind chip costs, along with a quarter-on-quarter decline of smartphone shipments.

Samsung’s running make money inside the fourth quarter rose to 9.05 trillion won ($8.17 billion), from 7.2 trillion earned a season earlier, in line with the business’s appraisal earlier this month.

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

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