Samsung claimed the fourth quarter operating profit of its rose 26 %, led by sales of memory chips and display panels.
That was in line along with the tech giant’s guidance this month.
Samsung also said revenue rose three % to 61.6 trillion earned, 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 very first quarter of 2021, injured by bad currency moves at the mind chip business of its as well as the expense of brand new production lines.
The forecast comes despite anticipated solid need for its mobile products and in its information centers business.
Samsung posted a 26 % increasing amount of operating profit inside the October-December quarter on the backside of strong memory chip shipments and display profits, despite the effect of a reliable won, the cost of a new chip output line, weaker memory chip costs, along with a quarter-on-quarter fall in smartphone shipments.
Samsung’s operating make money in the fourth quarter rose to 9.05 trillion received ($8.17 billion), through 7.2 trillion received a year prior, in line with all the company’s estimation earlier this month.
Revenue at the earth’s top maker of memory chips as well as smartphones rose three % to 61.6 trillion received. Net profit rose 26 % to 6.6 trillion received.