Samsung claimed the fourth quarter operating profit of its rose 26 %, pushed by sales of mind potato chips as well as display panels.
That has been in line with the tech giant’s support this month.
Samsung also 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 initial quarter of 2021, hurt by unfavorable currency movements at its memory chip company together with the cost of brand new production lines.
The forecast comes despite expected sound need for its mobile products and in the information centers business of its.
Samsung posted a twenty six % increase in operating profit in the October December quarter on the backside of strong mind chip shipments and display profits, despite the effect of a reliable won, the price of a new chip cultivation line, weaker memory chip prices, and a quarter-on-quarter drop of smartphone shipments.
Samsung’s running benefit in the fourth quarter rose to 9.05 trillion earned ($8.17 billion), by 7.2 trillion won a year prior, in type with all the company’s estimate earlier this month.
Revenue at the earth’s top maker of smartphones as well as memory chips rose 3 % to 61.6 trillion received. Net profit rose twenty six % to 6.6 trillion won.