Samsung said its fourth quarter operating profit rose 26 %, driven by sales of mind potato chips and display panels.
This was within line along with the tech giant’s direction this month.
Samsung also said revenue rose three % to 61.6 trillion received, 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 first quarter of 2021, hurt by unfavorable currency actions at its memory chip company as well as the expense of brand new production lines.
The forecast comes despite anticipated stable desire for its mobile products and in the data centers business of its.
Samsung posted a 26 % increasing amount of operating profit in the October December quarter on the back of strong mind chip shipments and display earnings, despite the effect of a good won, the price of the latest chip output line, weaker memory chip costs, along with a quarter-on-quarter drop in smartphone shipments.
Samsung’s operating make money within the quarter quarter rose to 9.05 trillion won ($8.17 billion), through 7.2 trillion received a season prior, in model with the company’s estimation earlier this month.
Revenue at the world’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 won.