Samsung said its fourth-quarter operating profit rose 26 %, driven by sales of memory fries and display panels.
That has been inside line along with the tech giant’s support this month.
Samsung also said revenue rose 3 % to 61.6 trillion received, also conference estimates on now.xyz.

Jung Yeon je|AFP via Getty Images Samsung Electronics said on Thursday it expects its general profit to weaken in the first quarter of 2021, injured by bad currency actions at the mind chip company of its as well as the price tag of brand new production lines.

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

Samsung posted a 26 % increase in operating profit inside the October-December quarter on the backside of strong memory chip shipments and display profits, despite the effect of a reliable won, the price of a brand new chip production line, weaker memory chip prices, along with a quarter-on-quarter decline of smartphone shipments.

Samsung’s operating make money within the quarter quarter rose to 9.05 trillion won ($8.17 billion), by 7.2 trillion earned a year prior, inside model with all the business’s estimate earlier this month.

Revenue at the earth’s top maker of smartphones and memory chips rose 3 % to 61.6 trillion received. Net benefit rose 26 % to 6.6 trillion received.