Samsung Electronics Q4 operating benefit goes up 26 % on chip, screen board sales

Samsung said its fourth quarter operating profit rose 26 %, driven by sales of memory chips and display panels.
That was inside line with the tech giant’s direction this month.
Samsung also said revenue rose three % to 61.6 trillion earned, also conference estimates on

Jung Yeon je|AFP via Getty Images Samsung Electronics said on Thursday it expects its general profit to weaken in the first quarter of 2021, injured by bad currency actions at the mind chip business of its together with the price tag of new production lines.

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

Samsung posted a 26 % increase in operating profit in the October-December quarter on the rear of strong mind chip shipments and display profits, despite the impact of a good won, the cost of the latest chip output line, weaker mind chip prices, and a quarter-on-quarter fall in smartphone shipments.

Samsung’s working make money within the fourth quarter rose to 9.05 trillion received ($8.17 billion), by 7.2 trillion won a year earlier, within type with the company’s estimation earlier this month.

Revenue at the world’s top maker of memory chips as well as smartphones rose three % to 61.6 trillion won. Net benefit rose twenty six % to 6.6 trillion won.