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

Samsung claimed the fourth-quarter operating profit of its rose twenty six %, led by sales of memory chips as well as display panels.
That has been within line along with the tech giant’s support this month.
Samsung even said revenue rose 3 % to 61.6 trillion earned, also meeting estimates on

Jung Yeon-je|AFP via Getty Images Samsung Electronics claimed on Thursday it expects its overall profit to weaken in the initial quarter of 2021, hurt by unfavorable currency movements at its memory chip business as well as the price tag of brand new production lines.

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

Samsung posted a twenty six % rise in operating profit within the October-December quarter on the backside of strong memory chip shipments and display profits, despite the impact of a reliable won, the cost of a brand new chip output line, weaker memory chip costs, in addition to a quarter-on-quarter drop of smartphone shipments.

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

Revenue at the the planet’s top maker of memory chips as well as smartphones rose 3 % to 61.6 trillion won. Net profit rose 26 % to 6.6 trillion won.

Charles Riley