Samsung said its fourth-quarter operating profit rose 26 %, driven by sales of memory fries as well as display panels.
This was within line together with the tech giant’s direction this month.
Samsung also said revenue rose 3 % to 61.6 trillion won, also meeting estimates on now.xyz.
Jung Yeon-je|AFP by Getty Images Samsung Electronics said on Thursday it expects its overall profit to weaken in the initial quarter of 2021, injured by unfavorable currency movements at its mind chip business together with the expense of brand new production lines.
The forecast comes despite expected solid demand for the mobile products of its and in the data centers business of its.
Samsung posted a twenty six % rise in operating profit inside the October December quarter on the rear of strong memory chip shipments and display profits, despite the effect of a reliable won, the price of a new chip cultivation line, weaker mind chip costs, in addition to a quarter-on-quarter decline in smartphone shipments.
Samsung’s operating profit inside the fourth quarter rose to 9.05 trillion won ($8.17 billion), through 7.2 trillion won a year prior, within line from the company’s appraisal earlier this month.
Revenue at the earth’s top maker of memory chips as well as smartphones rose 3 % to 61.6 trillion received. Net profit rose 26 % to 6.6 trillion won.