Samsung claimed the fourth quarter operating profit of its rose twenty six %, driven by sales of memory chips and display panels.
That was in line together with the tech giant’s direction this month.
Samsung also said revenue rose three % to 61.6 trillion won, also meeting estimates on now.xyz.
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, hurt by bad currency movements at its memory chip company as well as the expense of new production lines.
The forecast comes despite anticipated sound demand for the mobile products of its and in the information centers business of its.
Samsung posted a twenty six % increasing amount of operating profit within the October-December quarter on the backside of strong mind chip shipments and display earnings, despite the effect of a strong won, the cost of a new chip cultivation line, weaker mind chip prices, and a quarter-on-quarter decline in smartphone shipments.
Samsung’s working benefit inside the fourth quarter rose to 9.05 trillion won ($8.17 billion), from 7.2 trillion earned a season prior, inside type from the business’s estimate earlier this month.
Revenue at the the planet’s top maker of memory chips and smartphones rose three % to 61.6 trillion won. Net profit rose twenty six % to 6.6 trillion received.