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

Samsung said its fourth-quarter operating profit rose 26 %, driven by sales of mind potato chips and display panels.
That was within line together with the tech giant’s direction 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 general profit to weaken in the very first quarter of 2021, hurt by unfavorable currency movements at the memory chip business of its together with the expense of new production lines.

The forecast comes despite anticipated sound desire for its mobile products and in its information centers business.

Samsung posted a twenty six % increasing amount of operating profit inside the October December quarter on the back of strong memory chip shipments and display profits, despite the impact of a reliable won, the price of a brand new chip production line, weaker memory chip prices, in addition to a quarter-on-quarter fall of smartphone shipments.

Samsung’s working benefit in the fourth quarter rose to 9.05 trillion won ($8.17 billion), by 7.2 trillion received a season prior, inside line with the company’s estimation earlier this month.

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

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