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Samsung Electronics Q4 operating gain rises twenty six % on chip, display screen panel sales

Samsung said its fourth quarter operating profit rose twenty six %, driven by sales of memory potato chips and display panels.
That was in line with the tech giant’s direction this month.
Samsung also said revenue rose three % to 61.6 trillion earned, also conference estimates on now.xyz.

Jung Yeon je|AFP by Getty Images Samsung Electronics said on Thursday it expects its general profit to weaken in the initial quarter of 2021, injured by unfavorable currency movements at its mind chip business and the price tag of new production lines.

The forecast comes despite expected solid desire for its mobile products and in its information centers business.

Samsung posted a twenty six % increasing amount of operating profit within the October December quarter on the backside of strong mind chip shipments and display profits, despite the effect of a strong won, the cost of the latest chip production line, weaker memory chip prices, in addition to a quarter-on-quarter decline in smartphone shipments.

Samsung’s working benefit within the fourth quarter rose to 9.05 trillion earned ($8.17 billion), by 7.2 trillion earned a year prior, within line from the business’s appraisal earlier this month.

Revenue at the earth’s top maker of smartphones as well as memory chips rose three % to 61.6 trillion received. Net benefit rose 26 % to 6.6 trillion received.

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