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Samsung Electronics Q4 operating profit goes up twenty six % on chip, screen panel sales

Samsung claimed its fourth-quarter operating profit rose twenty six %, led by sales of mind chips and display panels.
That has been in line along with the tech giant’s support this month.
Samsung also said revenue rose 3 % to 61.6 trillion won, also meeting 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 very first quarter of 2021, hurt by unfavorable currency actions at the memory chip business of its together with the price tag of new production lines.

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

Samsung posted a twenty six % rise in operating profit within the October December quarter on the rear of strong memory chip shipments and display profits, despite the impact of a reliable won, the cost of the latest chip cultivation line, weaker memory chip prices, along with a quarter-on-quarter drop in smartphone shipments.

Samsung’s operating profit within the fourth quarter rose to 9.05 trillion received ($8.17 billion), through 7.2 trillion earned a season prior, in type with all the company’s estimate earlier this month.

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

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