Samsung said the fourth-quarter operating profit of its rose 26 %, led by sales of memory fries as well as display panels.
That has been in line together with the tech giant’s guidance this month.
Samsung also said revenue rose three % to 61.6 trillion earned, also meeting estimates on now.xyz.

Jung Yeon je|AFP by Getty Images Samsung Electronics claimed on Thursday it expects its general profit to weaken in the first quarter of 2021, injured by bad currency actions at the mind chip company of its and the cost of brand new production lines.

The forecast comes despite expected solid desire for its mobile products and in its information centers business.

Samsung posted a 26 % rise in operating profit in the October December quarter on the rear of strong memory chip shipments and display earnings, despite the impact of a strong won, the cost of a new chip output line, weaker memory chip prices, along with a quarter-on-quarter drop of smartphone shipments.

Samsung’s operating benefit within the quarter quarter rose to 9.05 trillion earned ($8.17 billion), by 7.2 trillion received a year earlier, in type with all the company’s appraisal 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.