Samsung expects full-year earnings to rise by 30% in 2020

Samsung expects full-year earnings to rise by 30% in 2020


 Samsung Electronics said Thursday that it posted 9.05 trillion won in operating revenue and 61.55 trillion won in sales for the fourth quarter of 2020.
*
 It's an increase of 26.4% and 2.7%, respectively. Compared to the same period a year ago 40 to 440 to 4 For the full year of 2020, the company reported 36 trillion won in operating revenue and 236.8 trillion won in sales, an increase of 29.6% and 2.7%, respectively, from 2019. 
 The semiconductor and display panel businesses led the way, contributing 5.63 trillion won to operating income for the fourth quarter.
*

The company also had solid shipments of memory products, despite a continued decline in chip prices and an unfavorable exchange rate between these was South Korea's won and the US dollar. Samsung's memory business posted operating income of 3.85 trillion won.
×
 Meanwhile, the display panel business posted a record quarterly profit of 1.75 trillion won, largely driven by the rebound in demand for smartphones and televisions following the economic recovery in the second half of 2020.
*
 The wireless business posted operating income of 2.42 trillion won, up 4% over the same period last year. Demand was high due to strong year-end demand and the gradual economic recovery, but the business also increased its marketing spend during the quarter, Samsung said. 
Consumer electronics business posted fourth quarter operating income of 820 billion won, consistent with last year. Sales increased, but there was also intense competition during that period, the company said. 

 Challenges from the COVID-19 pandemic continued in the fourth quarter, but efforts to ensure stable supplies of products and services ultimately contributed to results, Samsung said.
*
Samsung expected global aggregate demand to rebound in 2021, although the Uncertainties over the possibility of a recurring COVID-19 continue to exist waves.

*
Samsung touts 'smart display' on the Galaxy S21
*
Samsung is dancing to Apple's music again and it gets boring ? 

Samsung Electronics Leader Receives 2.5 Years Imprisonment Future in Question Amid Galaxy S21 Ultra Launch
*
Samsung Unveils Flagship Exynos 2100 Smartphone Chip ..

Previous Post Next Post

BovoTv 2021 inc