Samsung boosted profits by 26.4 p.c for its fourth-quarter regardless of an 11 p.c drop in smartphone gross sales over final yr, the corporate introduced. For the whole 2020 fiscal yr, within the midst of a pandemic, it noticed income and earnings each rise to 236.81 trillion received ($211.5 billion) and 35.99 trillion received ($32.1 billion), will increase of 29.6 and a pair of.78 p.c, respectively.
Fourth-quarter outcomes had been powered primarily by its reminiscence and show companies, with the latter marking a file quarter when it comes to income. Samsung chalked that as much as excessive demand from smartphone producers, seemingly due partially to OLED panels equipped to Apple for its iPhone 12 lineup. Apple itself booked a file $111.4 billion in income this quarter on the power of iPhone 12 gross sales, successfully doubling the 61.55 trillion received ($54.98 billion) in income that Samsung made in This autumn.
