Samsung claimed the fourth quarter operating profit of its rose 26 %, led by sales of mind chips and display panels.
That has been within line with the tech giant’s support this month.
Samsung even said revenue rose 3 % to 61.6 trillion earned, also conference 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, injured by bad currency movements at the memory chip company of its and the expense of new production lines.
The forecast comes despite expected stable need for its mobile products and in its information centers business.
Samsung posted a 26 % increasing amount of operating profit within the October December quarter on the rear of strong memory chip shipments and display profits, despite the impact of a strong won, the price of a new chip production line, weaker memory chip prices, along with a quarter-on-quarter fall in smartphone shipments.
Samsung’s operating profit inside the fourth quarter rose to 9.05 trillion won ($8.17 billion), by 7.2 trillion won a season earlier, in model from the company’s estimation earlier this month.
Revenue at the earth’s top maker of smartphones as well as memory chips rose 3 % to 61.6 trillion won. Net profit rose 26 % to 6.6 trillion won.