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Samsung Electronics Q4 operating gain increases twenty six % on chip, screen control panel sales

Samsung claimed the fourth-quarter operating profit of its rose 26 %, pushed by sales of memory chips as well as display panels.
That was within line with the tech giant’s support this month.
Samsung also said revenue rose three % to 61.6 trillion won, also conference estimates on now.xyz.

Jung Yeon je|AFP via Getty Images Samsung Electronics said on Thursday it expects its general profit to weaken in the initial quarter of 2021, hurt by unfavorable currency moves at its memory chip business as well as the expense of brand new production lines.

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

Samsung posted a twenty six % increase in operating profit inside the October December quarter on the back of strong mind chip shipments and display profits, despite the impact of a reliable won, the cost of a new chip output line, weaker memory chip costs, in addition to a quarter-on-quarter decline in smartphone shipments.

Samsung’s running benefit inside the fourth quarter rose to 9.05 trillion earned ($8.17 billion), from 7.2 trillion earned a season earlier, within type with the company’s estimation earlier this month.

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

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