Samsung said the fourth quarter operating profit of its rose 26 %, driven by sales of mind fries and display panels.
That has been inside line along with the tech giant’s support this month.
Samsung also said revenue rose three % to 61.6 trillion earned, 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 first quarter of 2021, hurt by bad currency moves at its memory chip company together with the cost of brand new production lines.
The forecast comes despite expected sound demand for its mobile products and in the data centers business of its.
Samsung posted a 26 % increasing amount of operating profit in 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 brand new chip output line, weaker memory chip prices, and a quarter-on-quarter decline of smartphone shipments.
Samsung’s working make money inside the quarter quarter rose to 9.05 trillion received ($8.17 billion), from 7.2 trillion won a year earlier, in type with all the company’s appraisal earlier this month.
Revenue at the world’s top maker of memory chips and smartphones rose three % to 61.6 trillion won. Net profit rose 26 % to 6.6 trillion won.