Samsung said the fourth-quarter operating profit of its rose twenty six %, led by sales of mind fries and display panels.
This was in line along with the tech giant’s direction this month.
Samsung also said revenue rose 3 % to 61.6 trillion won, 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 very first quarter of 2021, hurt by bad currency moves at the mind chip company of its together with the price tag of new production lines.
The forecast comes despite anticipated stable need for the mobile products of its and in the data centers business of its.
Samsung posted a twenty six % rise in operating profit within the October-December quarter on the backside of strong memory chip shipments and display earnings, despite the effect of a reliable won, the price of a new chip output line, weaker mind chip costs, in addition to a quarter-on-quarter decline of smartphone shipments.
Samsung’s running make money within the fourth quarter rose to 9.05 trillion won ($8.17 billion), by 7.2 trillion won a season earlier, within model from the company’s appraisal earlier this month.
Revenue at the earth’s top maker of memory chips as well as smartphones rose three % to 61.6 trillion won. Net profit rose 26 % to 6.6 trillion won.