Samsung claimed the fourth-quarter operating profit of its rose twenty six %, driven by sales of memory fries and display panels.
That was within line together with the tech giant’s guidance 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 very first quarter of 2021, injured by unfavorable currency actions at the mind chip business of its together with the expense of new production lines.
The forecast comes despite expected 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 mind chip shipments and display earnings, despite the effect of a good won, the price of the latest chip output line, weaker mind chip costs, in addition to a quarter-on-quarter decline in smartphone shipments.
Samsung’s operating profit in the quarter quarter rose to 9.05 trillion earned ($8.17 billion), by 7.2 trillion earned a year prior, in model with the company’s estimate earlier this month.
Revenue at the earth’s top maker of smartphones as well as memory chips rose 3 % to 61.6 trillion received. Net profit rose 26 % to 6.6 trillion received.