Samsung claimed the fourth-quarter operating profit of its rose 26 %, led by sales of memory fries and display panels.
This was inside line together with the tech giant’s support this month.
Samsung even said revenue rose 3 % to 61.6 trillion received, also meeting estimates on now.xyz.
Jung Yeon je|AFP via Getty Images Samsung Electronics said on Thursday it expects its general profit to weaken in the first quarter of 2021, hurt by unfavorable currency actions at the mind chip business of its as well as the cost of new production lines.
The forecast comes despite anticipated solid demand for its mobile products and in the data centers business of its.
Samsung posted a twenty six % rise in operating profit inside the October December quarter on the back of strong mind chip shipments and display earnings, despite the effect of a reliable won, the price of a new chip cultivation line, weaker mind chip costs, along with a quarter-on-quarter fall in smartphone shipments.
Samsung’s running profit in the fourth quarter rose to 9.05 trillion received ($8.17 billion), by 7.2 trillion earned a year earlier, inside model from the company’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 benefit rose twenty six % to 6.6 trillion received.