Samsung claimed its fourth-quarter operating profit rose twenty six %, pushed by sales of memory potato chips as well as display panels.
That has been within line together with the tech giant’s direction this month.
Samsung also said revenue rose 3 % to 61.6 trillion received, also conference estimates on now.xyz.
Jung Yeon je|AFP via Getty Images Samsung Electronics claimed on Thursday it expects its overall profit to weaken in the initial quarter of 2021, injured by unfavorable currency movements at the memory chip business of its together with the expense of new production lines.
The forecast comes despite anticipated stable 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 good won, the cost of a brand new chip production line, weaker memory chip costs, along with a quarter-on-quarter fall in smartphone shipments.
Samsung’s operating profit in the quarter quarter rose to 9.05 trillion won ($8.17 billion), by 7.2 trillion won a season earlier, within model from the business’s appraisal earlier this month.
Revenue at the the planet’s top maker of memory chips and smartphones rose 3 % to 61.6 trillion won. Net benefit rose twenty six % to 6.6 trillion won.