Samsung said its fourth-quarter operating profit rose twenty six %, driven by sales of memory chips and display panels.
This was inside line with the tech giant’s support this month.
Samsung also said revenue rose three % to 61.6 trillion earned, also conference 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, injured by unfavorable currency actions at the memory chip business of its together with the cost of brand new production lines.
The forecast comes despite anticipated stable need for its mobile products and in its data centers business.
Samsung posted a 26 % rise in operating profit within the October December quarter on the backside of strong memory chip shipments and display profits, despite the effect of a reliable won, the cost of a new chip production line, weaker memory chip costs, in addition to a quarter-on-quarter fall of smartphone shipments.
Samsung’s operating profit in the quarter quarter rose to 9.05 trillion won ($8.17 billion), through 7.2 trillion received a season earlier, inside type from the business’s estimate earlier this month.
Revenue at the earth’s top maker of smartphones and memory chips rose 3 % to 61.6 trillion received. Net profit rose 26 % to 6.6 trillion won.