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

Samsung claimed the fourth quarter operating profit of its rose 26 %, pushed by sales of mind fries as well as display panels.
This was within 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 via Getty Images Samsung Electronics said on Thursday it expects its overall profit to weaken in the initial quarter of 2021, hurt by bad currency actions at its mind chip company together with the expense of brand new production lines.

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

Samsung posted a 26 % rise in operating profit inside the October-December quarter on the back of strong mind chip shipments and display profits, despite the impact of a strong won, the price of a new chip production line, weaker memory chip prices, and a quarter-on-quarter decline in smartphone shipments.

Samsung’s working profit in the quarter quarter rose to 9.05 trillion won ($8.17 billion), by 7.2 trillion won a year prior, in type with the business’s appraisal earlier this month.

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

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