Samsung claimed its fourth quarter operating profit rose twenty six %, led by sales of memory fries and display panels.
This was in line along with the tech giant’s guidance this month.
Samsung even said revenue rose three % to 61.6 trillion earned, 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 first quarter of 2021, injured by unfavorable currency actions at the mind chip business of its as well as the cost of brand 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 % rise in operating profit inside the October-December quarter on the rear of strong mind chip shipments and display earnings, despite the effect of a reliable won, the cost of a brand new chip cultivation line, weaker mind chip prices, and a quarter-on-quarter drop in smartphone shipments.
Samsung’s running make money inside the fourth quarter rose to 9.05 trillion received ($8.17 billion), through 7.2 trillion earned a season prior, inside type from the business’s appraisal earlier this month.
Revenue at the earth’s top maker of memory chips and smartphones rose 3 % to 61.6 trillion won. Net benefit rose twenty six % to 6.6 trillion received.