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Samsung Electronics Q4 operating profit rises twenty six % on chip, screen control panel sales

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

Jung Yeon-je|AFP via Getty Images Samsung Electronics claimed 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 as well as the price tag of brand new production lines.

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

Samsung posted a twenty six % rise in operating profit in the October-December quarter on the rear of strong mind chip shipments and display profits, despite the impact of a strong won, the cost of the latest chip output line, weaker mind chip prices, and a quarter-on-quarter decline of smartphone shipments.

Samsung’s running profit inside the fourth quarter rose to 9.05 trillion won ($8.17 billion), by 7.2 trillion earned a year earlier, in line from the business’s estimate earlier this month.

Revenue at the the planet’s top maker of memory chips as well as smartphones rose 3 % to 61.6 trillion received. Net benefit rose twenty six % to 6.6 trillion won.

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