Samsung said its fourth quarter operating profit rose twenty six %, driven by sales of memory fries and display panels.
That was inside line with the tech giant’s guidance this month.
Samsung also said revenue rose 3 % to 61.6 trillion received, also meeting estimates on now.xyz.
Jung Yeon-je|AFP by Getty Images Samsung Electronics claimed on Thursday it expects its overall profit to weaken in the first quarter of 2021, hurt by unfavorable currency moves at the memory chip business of its and the price tag of new production lines.
The forecast comes despite expected solid demand for its mobile products and in its data centers business.
Samsung posted a 26 % increase in operating profit within the October-December quarter on the backside of strong memory chip shipments and display earnings, despite the effect of a good won, the price of the latest chip cultivation line, weaker memory chip prices, in addition to a quarter-on-quarter drop of smartphone shipments.
Samsung’s working benefit inside the quarter quarter rose to 9.05 trillion received ($8.17 billion), by 7.2 trillion won a season earlier, inside line with the company’s appraisal earlier this month.
Revenue at the world’s top maker of smartphones as well as memory chips rose 3 % to 61.6 trillion received. Net benefit rose twenty six % to 6.6 trillion won.