Samsung said its fourth-quarter operating profit rose twenty six %, pushed by sales of memory fries and display panels.
That was inside line along with the tech giant’s guidance this month.
Samsung also said revenue rose three % to 61.6 trillion received, 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 initial quarter of 2021, hurt by bad currency moves at its mind chip company as well as the expense of brand new production lines.

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

Samsung posted a 26 % rise in operating profit in the October-December quarter on the back of strong memory chip shipments and display earnings, despite the effect of a reliable won, the cost of a brand new chip output line, weaker mind chip prices, in addition to a quarter-on-quarter fall in smartphone shipments.

Samsung’s working profit within the fourth quarter rose to 9.05 trillion won ($8.17 billion), through 7.2 trillion won a season prior, within model with all the business’s appraisal earlier this month.

Revenue at the the planet’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.