Samsung said the fourth-quarter operating profit of its rose 26 %, driven by sales of memory fries and display panels.
That has been inside line along with the tech giant’s guidance this month.
Samsung even said revenue rose 3 % to 61.6 trillion won, 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 first quarter of 2021, injured by bad currency moves at the memory chip business of its as well as the cost of new production lines.
The forecast comes despite expected stable need for its mobile products and in the information centers business of its.
Samsung posted a 26 % increase in operating profit inside the October-December quarter on the rear of strong memory chip shipments and display earnings, despite the effect of a good won, the price of a new chip production line, weaker memory chip prices, along with a quarter-on-quarter drop of smartphone shipments.
Samsung’s operating profit within the fourth quarter rose to 9.05 trillion won ($8.17 billion), by 7.2 trillion won a year earlier, inside type from the business’s estimation earlier this month.
Revenue at the the planet’s top maker of memory chips and smartphones rose three % to 61.6 trillion won. Net profit rose twenty six % to 6.6 trillion received.