Samsung said the fourth-quarter operating profit of its rose 26 %, led by sales of mind potato chips and display panels.
This was inside line with the tech giant's direction this month.
Samsung even said revenue rose 3 % to 61.6 trillion won, also conference estimates on now.xyz.
Jung Yeon je|AFP via Getty Images Samsung Electronics said on Thursday it expects its overall profit to weaken in the very first quarter of 2021, hurt by unfavorable currency movements at its mind chip company as well as the price tag of new production lines.
The forecast comes despite anticipated stable demand for the mobile products of its and in its data centers business.
Samsung posted a 26 % increasing amount of operating profit within the October-December quarter on the back of strong memory chip shipments and display profits, despite the effect of a good won, the cost of a new chip production line, weaker mind chip costs, in addition to a quarter-on-quarter drop in smartphone shipments.
Samsung's operating profit in the fourth quarter rose to 9.05 trillion received ($8.17 billion), through 7.2 trillion received a year prior, in line with the company's appraisal earlier this month.
Revenue at the the planet's top maker of smartphones and memory chips rose 3 % to 61.6 trillion won. Net profit rose 26 % to 6.6 trillion won.