Samsung Electronics Q4 operating benefit increases twenty six % on chip, display screen control panel sales

Samsung said the fourth-quarter operating profit of its rose 26 %, driven by sales of mind chips and display panels.
That has been within line with the tech giant’s guidance this month.
Samsung also said revenue rose three % to 61.6 trillion won, also conference estimates on

Jung Yeon je|AFP via Getty Images Samsung Electronics claimed on Thursday it expects its general profit to weaken in the very first quarter of 2021, injured by unfavorable currency actions at the mind chip company of its as well as the price tag of brand new production lines.

The forecast comes despite anticipated solid demand for the mobile products of its and in its information 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 earnings, despite the effect of a good won, the price of the latest chip production line, weaker memory chip prices, and a quarter-on-quarter decline in smartphone shipments.

Samsung’s working benefit in the fourth quarter rose to 9.05 trillion won ($8.17 billion), through 7.2 trillion earned a year earlier, inside type from the business’s appraisal earlier this month.

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

This entry was posted in Markets. Bookmark the permalink.