Samsung claimed the fourth quarter operating profit of its rose twenty six %, driven by sales of mind fries as well as display panels.
That was inside line together with the tech giant’s direction this month.
Samsung even said revenue rose 3 % to 61.6 trillion won, also conference estimates on now.xyz.
Jung Yeon-je|AFP via Getty Images Samsung Electronics claimed on Thursday it expects its overall profit to weaken in the initial quarter of 2021, hurt by unfavorable currency actions at its mind chip business as well as the price tag of new production lines.
The forecast comes despite anticipated sound desire for its mobile products and in the information centers business of its.
Samsung posted a twenty six % increase in operating profit inside the October December quarter on the rear of strong mind chip shipments and display earnings, despite the impact of a good won, the price of the latest chip production line, weaker memory chip costs, and a quarter-on-quarter drop in smartphone shipments.
Samsung’s operating make money within the quarter quarter rose to 9.05 trillion won ($8.17 billion), from 7.2 trillion received a season prior, inside model from the business’s appraisal 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.