Samsung claimed the fourth-quarter operating profit of its rose 26 %, driven by sales of mind fries and display panels.
That was in line together with the tech giant’s direction this month.
Samsung even said revenue rose three % to 61.6 trillion won, 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 bad currency movements at its memory chip business together with the expense of new production lines.
The forecast comes despite expected solid demand for the mobile products of its and in its data centers business.
Samsung posted a twenty six % increasing amount of operating profit inside the October December quarter on the backside of strong mind chip shipments and display earnings, despite the impact of a reliable won, the price of a brand new chip production line, weaker mind chip costs, in addition to a quarter-on-quarter drop of smartphone shipments.
Samsung’s working profit in the quarter quarter rose to 9.05 trillion won ($8.17 billion), by 7.2 trillion won a season earlier, inside model with all the company’s estimation earlier this month.
Revenue at the world’s top maker of memory chips and smartphones rose three % to 61.6 trillion received. Net benefit rose twenty six % to 6.6 trillion won.