Samsung claimed the fourth-quarter operating profit of its rose 26 %, driven by sales of memory chips and display panels.
That has been within line together with the tech giant’s support this month.
Samsung even said revenue rose 3 % to 61.6 trillion earned, 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 initial quarter of 2021, hurt by unfavorable currency movements at the memory chip company of its as well as the cost of brand 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 % rise in operating profit inside the October-December quarter on the rear of strong mind chip shipments and display profits, despite the impact of a strong won, the price of a new chip output line, weaker mind chip prices, and a quarter-on-quarter fall of smartphone shipments.
Samsung’s working profit in the fourth quarter rose to 9.05 trillion received ($8.17 billion), from 7.2 trillion received a year earlier, inside line with 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 won. Net profit rose twenty six % to 6.6 trillion won.