Samsung claimed its fourth quarter operating profit rose 26 %, led by sales of mind chips and display panels.
That was in line along with the tech giant’s direction this month.
Samsung even said revenue rose three % to 61.6 trillion earned, also conference estimates on now.xyz.
Jung Yeon-je|AFP by Getty Images Samsung Electronics said on Thursday it expects its overall profit to weaken in the first quarter of 2021, injured by bad currency actions at its memory chip business together with the expense of new production lines.
The forecast comes despite anticipated solid demand for the mobile products of its and in its data centers business.
Samsung posted a twenty six % increase in operating profit inside the October-December quarter on the back of strong memory chip shipments and display profits, despite the effect of a strong won, the price of a brand new chip output line, weaker mind chip prices, along with a quarter-on-quarter fall of smartphone shipments.
Samsung’s working profit within the fourth quarter rose to 9.05 trillion won ($8.17 billion), through 7.2 trillion earned a season prior, in type with all the business’s estimate earlier this month.
Revenue at the the planet’s top maker of memory chips and smartphones rose three % to 61.6 trillion received. Net profit rose twenty six % to 6.6 trillion received.