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Samsung Electronics Q4 operating profit increases 26 % on chip, display board sales

Samsung claimed the fourth quarter operating profit of its rose 26 %, led by sales of memory chips and display panels.
That has been within line together with the tech giant’s support 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 said on Thursday it expects its overall profit to weaken in the initial quarter of 2021, injured by bad currency actions at the memory chip business of its and the expense of new production lines.

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

Samsung posted a 26 % increase in operating profit within the October-December quarter on the back of strong memory chip shipments and display profits, despite the effect of a reliable won, the price of the latest chip production line, weaker memory chip prices, and a quarter-on-quarter fall in smartphone shipments.

Samsung’s running profit within the quarter quarter rose to 9.05 trillion received ($8.17 billion), from 7.2 trillion won a season prior, inside model 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 received. Net profit rose twenty six % to 6.6 trillion won.

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