Samsung claimed its fourth-quarter operating profit rose 26 %, pushed by sales of memory fries and display panels.
That was within line with the tech giant’s direction this month.
Samsung even 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 general profit to weaken in the initial quarter of 2021, hurt by unfavorable currency moves at its memory chip business as well as the cost of new production lines.
The forecast comes despite anticipated solid need for its mobile products and in its data centers business.
Samsung posted a 26 % increasing amount of operating profit within the October-December quarter on the back of strong memory chip shipments and display earnings, despite the impact of a good won, the cost of a brand new chip production line, weaker memory chip costs, along with a quarter-on-quarter fall of smartphone shipments.
Samsung’s working profit inside the quarter quarter rose to 9.05 trillion earned ($8.17 billion), by 7.2 trillion earned a year earlier, within line with the business’s estimation earlier this month.
Revenue at the the planet’s top maker of smartphones and memory chips rose 3 % to 61.6 trillion won. Net profit rose twenty six % to 6.6 trillion received.