Samsung said the fourth quarter operating profit of its rose 26 %, driven by sales of mind potato chips and display panels.
That has been in line with the tech giant’s guidance 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 claimed on Thursday it expects its overall profit to weaken in the initial quarter of 2021, injured by unfavorable currency actions at the memory chip company of its as well as the expense of new production lines.
The forecast comes despite anticipated solid need for its mobile products and in the information centers business of its.
Samsung posted a 26 % rise in operating profit within the October-December quarter on the backside of strong mind chip shipments and display earnings, despite the effect of a good won, the cost of a new chip cultivation line, weaker mind chip costs, in addition to a quarter-on-quarter drop of smartphone shipments.
Samsung’s operating profit within the fourth quarter rose to 9.05 trillion won ($8.17 billion), from 7.2 trillion earned a season earlier, within model with the business’s estimate earlier this month.
Revenue at the the planet’s top maker of memory chips as well as smartphones rose 3 % to 61.6 trillion won. Net profit rose twenty six % to 6.6 trillion received.