Samsung claimed its fourth quarter operating profit rose 26 %, driven by sales of memory chips as well as display panels.
That has been inside line with the tech giant’s guidance this month.
Samsung also said revenue rose 3 % to 61.6 trillion won, also meeting 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 very first quarter of 2021, injured by bad currency movements at its mind chip business as well as the price tag of brand new production lines.
The forecast comes despite anticipated stable need for the mobile products of its and in its data centers business.
Samsung posted a 26 % rise in operating profit inside the October-December quarter on the backside of strong memory chip shipments and display earnings, despite the impact of a strong won, the cost of a brand new chip production line, weaker memory chip costs, and a quarter-on-quarter decline of smartphone shipments.
Samsung’s working profit within the fourth quarter rose to 9.05 trillion earned ($8.17 billion), through 7.2 trillion received a season earlier, inside line with the business’s estimation earlier this month.
Revenue at the the planet’s top maker of memory chips and smartphones rose three % to 61.6 trillion won. Net benefit rose 26 % to 6.6 trillion won.