Categories
Markets

Samsung Electronics Q4 operating benefit rises 26 % on chip, display screen control panel sales

Samsung claimed its fourth quarter operating profit rose 26 %, driven by sales of mind potato chips as well as display panels.
That has been within line with the tech giant’s support this month.
Samsung also said revenue rose 3 % to 61.6 trillion won, also conference 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 moves at the memory chip company of its and the price tag of brand new production lines.

The forecast comes despite anticipated sound need for its mobile products and in its data centers business.

Samsung posted a 26 % increase in operating profit within the October December quarter on the back of strong memory chip shipments and display earnings, despite the impact of a reliable won, the cost of the latest chip output line, weaker memory chip costs, and a quarter-on-quarter decline of smartphone shipments.

Samsung’s running benefit in the quarter quarter rose to 9.05 trillion won ($8.17 billion), through 7.2 trillion received a year earlier, inside type with all the business’s appraisal earlier this month.

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

Leave a Reply

Your email address will not be published. Required fields are marked *