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Samsung Electronics Q4 operating profit rises 26 % on chip, display screen control panel sales

Samsung claimed the fourth quarter operating profit of its rose twenty six %, pushed by sales of memory chips as well as display panels.
That has been inside line together with the tech giant’s guidance this month.
Samsung even said revenue rose 3 % to 61.6 trillion received, also meeting estimates on now.xyz.

Jung Yeon je|AFP via Getty Images Samsung Electronics said on Thursday it expects its overall profit to weaken in the very first quarter of 2021, hurt by bad currency actions at the memory chip company of its as well as the price tag of new production lines.

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

Samsung posted a 26 % rise in operating profit in the October December quarter on the backside of strong mind chip shipments and display earnings, despite the effect of a good won, the cost of a brand new chip production line, weaker mind chip costs, along with a quarter-on-quarter drop of smartphone shipments.

Samsung’s operating benefit inside the fourth quarter rose to 9.05 trillion earned ($8.17 billion), through 7.2 trillion won a season earlier, within model with all the company’s estimation 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 26 % to 6.6 trillion won.

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