Q1 profits and revenues will be slightly up y-o-y announced Samsung Electronics earlier today.

Samsung estimates Q1 profit will be $5.2 billion compared to $5.1 billion in Q1 2019.

Q1 revenues are expected to up 5% y-o-y at $45 billion.

Semiconductor revenues have made up for declining smartphone and TV revenues. Last year phones accounted for 47% of  the company’s revenues.

Samsung says that increased demand from datacentres for server capacity to keep up with the rising requirement from home workers, has driven its semiconductor sales.