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

Samsung claimed its fourth quarter operating profit rose twenty six %, driven by sales of mind potato chips as well as display panels.
That has been in line along with the tech giant’s guidance this month.
Samsung even said revenue rose three % to 61.6 trillion received, also conference estimates on

Jung Yeon-je|AFP by Getty Images Samsung Electronics claimed on Thursday it expects its general profit to weaken in the first quarter of 2021, hurt by bad currency moves at its memory chip business as well as the cost of new production lines.

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

Samsung posted a 26 % increase in operating profit inside 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 the latest chip cultivation line, weaker mind chip prices, in addition to a quarter-on-quarter fall in smartphone shipments.

Samsung’s operating profit within the quarter quarter rose to 9.05 trillion received ($8.17 billion), by 7.2 trillion earned a year prior, within model from the company’s appraisal earlier this month.

Revenue at the earth’s top maker of smartphones and memory chips rose three % to 61.6 trillion won. Net profit rose 26 % to 6.6 trillion won.

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