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Samsung Electronics Q4 operating profit increases twenty six % on chip, display screen board sales

Samsung claimed the fourth quarter operating profit of its rose twenty six %, driven by sales of memory chips and display panels.
That was within line together with the tech giant’s guidance this month.
Samsung even said revenue rose 3 % to 61.6 trillion received, also conference estimates on now.xyz.

Jung Yeon-je|AFP via Getty Images Samsung Electronics said on Thursday it expects its general profit to weaken in the initial quarter of 2021, hurt by bad currency actions at its mind chip company together with the price tag of brand new production lines.

The forecast comes despite anticipated sound need for the mobile products of its and in its data centers business.

Samsung posted a twenty six % rise in operating profit within the October December quarter on the back of strong mind chip shipments and display earnings, despite the impact of a strong won, the price of a brand new chip output line, weaker memory chip prices, along with a quarter-on-quarter decline in smartphone shipments.

Samsung’s working make money within the quarter quarter rose to 9.05 trillion earned ($8.17 billion), by 7.2 trillion earned a season earlier, inside type with all the business’s estimate earlier this month.

Revenue at the earth’s top maker of memory chips as well as smartphones rose 3 % to 61.6 trillion won. Net profit rose 26 % to 6.6 trillion won.

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