Samsung said the fourth quarter operating profit of its rose 26 %, pushed by sales of mind potato chips and display panels.
This was within line along with the tech giant’s guidance this month.
Samsung also said revenue rose three % 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 overall profit to weaken in the first quarter of 2021, hurt by bad currency moves at its memory chip business together with the expense of brand new production lines.
The forecast comes despite anticipated sound need for its mobile products and in the information centers business of its.
Samsung posted a 26 % increasing amount of operating profit inside the October-December quarter on the rear of strong mind chip shipments and display profits, despite the effect of a good won, the price of a new chip output line, weaker mind chip costs, and a quarter-on-quarter drop 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 season prior, within type with all the company’s estimate earlier this month.
Revenue at the world’s top maker of memory chips and smartphones rose three % to 61.6 trillion won. Net benefit rose 26 % to 6.6 trillion won.