Samsung claimed its fourth quarter operating profit rose twenty six %, led by sales of mind chips and display panels.
That has been inside line together with the tech giant’s guidance this month.
Samsung also said revenue rose 3 % to 61.6 trillion earned, also meeting 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 first quarter of 2021, hurt by unfavorable currency actions at the memory chip company of its together with the price tag of brand new production lines.
The forecast comes despite anticipated sound desire for the mobile products of its and in the information centers business of its.
Samsung posted a 26 % increase in operating profit within the October December quarter on the backside of strong memory chip shipments and display profits, despite the impact 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 running make money within the fourth quarter rose to 9.05 trillion won ($8.17 billion), by 7.2 trillion earned a season prior, in line from the company’s estimation earlier this month.
Revenue at the the planet’s top maker of smartphones and memory chips rose 3 % to 61.6 trillion received. Net profit rose twenty six % to 6.6 trillion won.