Samsung claimed its fourth-quarter operating profit rose twenty six %, driven by sales of memory fries as well as display panels.
That has been inside line along with the tech giant’s direction this month.
Samsung also said revenue rose 3 % to 61.6 trillion received, also conference estimates on now.xyz.

Jung Yeon-je|AFP by Getty Images Samsung Electronics claimed on Thursday it expects its general profit to weaken in the first quarter of 2021, injured by bad currency movements at its memory chip company together with the cost of brand new production lines.

The forecast comes despite anticipated sound demand for its mobile products and in the information centers business of its.

Samsung posted a 26 % increasing amount of operating profit within the October-December quarter on the backside of strong mind chip shipments and display earnings, despite the effect of a reliable won, the cost of the latest chip production line, weaker mind chip prices, along with a quarter-on-quarter decline of smartphone shipments.

Samsung’s working make money inside the quarter quarter rose to 9.05 trillion earned ($8.17 billion), from 7.2 trillion received a season earlier, in model from the business’s estimate 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.