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

Samsung claimed its fourth quarter operating profit rose twenty six %, pushed by sales of mind chips and display panels.
That has been in line along with the tech giant’s support this month.
Samsung also said revenue rose 3 % to 61.6 trillion won, 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 unfavorable currency moves at its memory chip business and the price tag of new production lines.

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

Samsung posted a twenty six % rise in operating profit within the October December quarter on the backside of strong mind chip shipments and display earnings, despite the impact of a strong won, the price of a new chip output line, weaker mind chip prices, in addition to a quarter-on-quarter fall of smartphone shipments.

Samsung’s working make money within the quarter quarter rose to 9.05 trillion earned ($8.17 billion), by 7.2 trillion received a year earlier, within line with all the business’s estimate earlier this month.

Revenue at the earth’s top maker of memory chips and smartphones rose 3 % to 61.6 trillion received. Net benefit rose 26 % to 6.6 trillion received.

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