Samsung claimed the fourth quarter operating profit of its rose 26 %, pushed by sales of mind chips and display panels.
That was within line together with the tech giant’s guidance this month.
Samsung even said revenue rose 3 % to 61.6 trillion won, also meeting 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, hurt by unfavorable currency actions at its mind chip business together with the cost of new production lines.
The forecast comes despite expected solid desire for the mobile products of its and in its information centers business.
Samsung posted a twenty six % increasing amount of operating profit inside the October-December quarter on the backside of strong memory chip shipments and display earnings, despite the impact of a good won, the price of a new chip production line, weaker memory chip prices, along with a quarter-on-quarter drop of smartphone shipments.
Samsung’s working profit in the fourth quarter rose to 9.05 trillion earned ($8.17 billion), from 7.2 trillion received a season earlier, in type with all the company’s estimate earlier this month.
Revenue at the earth’s top maker of smartphones and memory chips rose three % to 61.6 trillion received. Net profit rose twenty six % to 6.6 trillion won.