Samsung said its fourth-quarter operating profit rose 26 %, driven by sales of memory chips and display panels.
That has been inside line together with the tech giant’s guidance this month.
Samsung even said revenue rose three % to 61.6 trillion earned, also conference estimates on now.xyz.
Jung Yeon-je|AFP via Getty Images Samsung Electronics said on Thursday it expects its general profit to weaken in the initial quarter of 2021, hurt by bad currency moves at the mind chip company of its and the expense of new production lines.
The forecast comes despite anticipated solid demand for the mobile products of its and in its data centers business.
Samsung posted a 26 % increase in operating profit inside the October December quarter on the back of strong mind chip shipments and display earnings, despite the effect of a good won, the price of a new chip output line, weaker mind chip costs, along with a quarter-on-quarter decline of smartphone shipments.
Samsung’s running benefit inside the fourth quarter rose to 9.05 trillion earned ($8.17 billion), from 7.2 trillion received a season prior, inside line from the company’s estimation earlier this month.
Revenue at the world’s top maker of memory chips and smartphones rose 3 % to 61.6 trillion won. Net profit rose 26 % to 6.6 trillion won.