Samsung claimed its fourth quarter operating profit rose 26 %, driven by sales of memory chips and display panels.
That has been in line together with the tech giant’s guidance this month.
Samsung also said revenue rose 3 % to 61.6 trillion won, also conference 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, injured by bad currency movements at the memory chip business of its as well as the price tag of brand new production lines.
The forecast comes despite expected sound demand for its mobile products and in the data centers business of its.
Samsung posted a twenty six % increase in operating profit in the October-December quarter on the rear of strong memory chip shipments and display earnings, despite the impact of a good won, the price of a brand new chip cultivation line, weaker memory chip costs, along with a quarter-on-quarter drop in smartphone shipments.
Samsung’s running benefit within the quarter quarter rose to 9.05 trillion earned ($8.17 billion), through 7.2 trillion received a season prior, inside line with the company’s estimate earlier this month.
Revenue at the earth’s top maker of memory chips and smartphones rose 3 % to 61.6 trillion received. Net profit rose twenty six % to 6.6 trillion won.