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

Samsung said its fourth quarter operating profit rose twenty six %, pushed by sales of mind chips and display panels.
That has been 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 by Getty Images Samsung Electronics claimed on Thursday it expects its overall profit to weaken in the very first quarter of 2021, injured by bad currency moves at its memory chip company and the cost of new production lines.

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

Samsung posted a 26 % increase in operating profit inside the October-December quarter on the rear of strong mind chip shipments and display profits, despite the effect of a good won, the price of a brand new chip cultivation line, weaker mind chip prices, in addition to a quarter-on-quarter drop in smartphone shipments.

Samsung’s operating profit in the quarter quarter rose to 9.05 trillion earned ($8.17 billion), through 7.2 trillion earned a season earlier, inside model from the business’s estimate earlier this month.

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

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