Samsung said its fourth quarter operating profit rose twenty six %, pushed by sales of mind potato chips and display panels.
That has been in line along with the tech giant’s direction this month.
Samsung even said revenue rose 3 % to 61.6 trillion earned, also meeting estimates on now.xyz.
Jung Yeon je|AFP by Getty Images Samsung Electronics claimed on Thursday it expects its overall profit to weaken in the initial quarter of 2021, hurt by unfavorable currency moves at its memory chip company together with the price tag of new production lines.
The forecast comes despite anticipated solid desire for the mobile products of its and in the information centers business of its.
Samsung posted a 26 % rise in operating profit within the October-December quarter on the back of strong mind chip shipments and display profits, despite the effect of a strong won, the cost of the latest chip production line, weaker mind chip prices, and a quarter-on-quarter decline of smartphone shipments.
Samsung’s running benefit in the quarter quarter rose to 9.05 trillion received ($8.17 billion), from 7.2 trillion won a season prior, within model with all the company’s estimation earlier this month.
Revenue at the earth’s top maker of smartphones as well as memory chips rose three % to 61.6 trillion won. Net benefit rose twenty six % to 6.6 trillion received.