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

Samsung claimed the fourth quarter operating profit of its rose 26 %, pushed by sales of mind potato chips as well as display panels.
This was within line together with the tech giant’s guidance this month.
Samsung also said revenue rose 3 % to 61.6 trillion earned, also meeting 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 very first quarter of 2021, hurt by unfavorable currency actions at the memory chip business of its together with the expense of brand new production lines.

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

Samsung posted a 26 % increasing amount of operating profit in the October-December quarter on the rear of strong memory chip shipments and display earnings, despite the effect of a reliable won, the price of the latest chip cultivation line, weaker mind chip costs, along with a quarter-on-quarter decline in smartphone shipments.

Samsung’s operating profit inside the quarter quarter rose to 9.05 trillion won ($8.17 billion), from 7.2 trillion earned a season prior, within type with all the company’s estimate earlier this month.

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

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