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Samsung Electronics Q4 operating benefit increases twenty six % on chip, display panel sales
Samsung claimed its fourth quarter operating profit rose 26 %, led by sales of mind chips and display panels.That was inside line with the tech giant's guidance this month.Samsung even said revenue rose three % to 61.6 trillion won, also conference estimates on now.xyz.Jung Yeon je|AFP via Getty Images Samsung Electronics said on Thursday it […]

Samsung claimed its fourth quarter operating profit rose 26 %, led by sales of mind chips and display panels.
That was inside line with the tech giant's guidance this month.
Samsung even said revenue rose three % 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 first quarter of 2021, injured by unfavorable currency movements at its memory chip business as well as the price tag of new production lines.

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

Samsung posted a 26 % increase in operating profit inside the October December quarter on the rear of strong mind chip shipments and display earnings, despite the impact of a strong won, the cost of a new chip output line, weaker memory chip costs, along with a quarter-on-quarter fall of smartphone shipments.

Samsung's operating profit in the quarter quarter rose to 9.05 trillion received ($8.17 billion), by 7.2 trillion received a year earlier, inside model with all the business's estimation earlier this month.

Revenue at the the planet's top maker of memory chips and smartphones rose three % to 61.6 trillion received. Net profit rose twenty six % to 6.6 trillion won.

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