Samsung claimed the fourth-quarter operating profit of its rose 26 %, pushed by sales of memory fries and display panels.
That was within line with the tech giant’s direction this month.
Samsung also said revenue rose three % 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 very first quarter of 2021, injured by unfavorable currency moves at its mind chip business as well as the expense of brand new production lines.
The forecast comes despite expected stable need for its mobile products and in the information centers business of its.
Samsung posted a twenty six % increase in operating profit in the October-December quarter on the rear of strong memory chip shipments and display earnings, despite the effect of a good won, the cost of a brand new chip output line, weaker memory chip costs, along with a quarter-on-quarter fall of smartphone shipments.
Samsung’s operating profit in the quarter quarter rose to 9.05 trillion won ($8.17 billion), by 7.2 trillion won a year prior, inside type with the company’s estimate earlier this month.
Revenue at the world’s top maker of smartphones as well as memory chips rose 3 % to 61.6 trillion received. Net profit rose twenty six % to 6.6 trillion won.