Samsung claimed its fourth-quarter operating profit rose twenty six %, driven by sales of mind fries and display panels.
That has been inside line with the tech giant’s direction this month.
Samsung even said revenue rose three % to 61.6 trillion received, also meeting 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, hurt by bad currency actions at the mind chip company of its together with the expense of brand new production lines.
The forecast comes despite expected sound need for its mobile products and in its information centers business.
Samsung posted a 26 % rise in operating profit in the October December quarter on the rear of strong memory chip shipments and display profits, despite the impact of a good won, the cost of a new chip cultivation line, weaker memory chip prices, in addition to a quarter-on-quarter fall of smartphone shipments.
Samsung’s operating benefit within the fourth quarter rose to 9.05 trillion received ($8.17 billion), through 7.2 trillion received a year prior, within model with all the business’s estimation earlier this month.
Revenue at the the planet’s top maker of memory chips as well as smartphones rose three % to 61.6 trillion won. Net profit rose 26 % to 6.6 trillion won.