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Samsung Electronics Q4 operating gain increases 26 % on chip, screen panel sales

Samsung said the fourth quarter operating profit of its rose 26 %, led by sales of memory chips and display panels.
This was in line together with the tech giant’s support this month.
Samsung even said revenue rose 3 % to 61.6 trillion won, also meeting 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 unfavorable currency movements at the mind chip business of its as well as the cost of new production lines.

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

Samsung posted a 26 % increasing amount of operating profit within the October-December quarter on the backside of strong memory chip shipments and display profits, despite the effect of a good won, the price of a brand new chip output line, weaker memory chip costs, and a quarter-on-quarter decline of smartphone shipments.

Samsung’s working profit in the quarter quarter rose to 9.05 trillion received ($8.17 billion), from 7.2 trillion received a year earlier, within type with the business’s estimation earlier this month.

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

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