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Samsung Electronics Q4 operating profit increases twenty six % on chip, display screen board sales

Samsung claimed the fourth-quarter operating profit of its rose twenty six %, pushed by sales of mind potato chips and display panels.
This was inside line with the tech giant’s support this month.
Samsung also said revenue rose three % 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 general profit to weaken in the initial quarter of 2021, hurt by unfavorable currency moves at the memory chip company of its together with the expense of new production lines.

The forecast comes despite anticipated stable desire for its mobile products and in its data centers business.

Samsung posted a 26 % increasing amount of operating profit in the October-December quarter on the backside of strong memory chip shipments and display profits, despite the impact of a strong won, the price of the latest chip production line, weaker mind chip prices, and a quarter-on-quarter drop in smartphone shipments.

Samsung’s working profit within the fourth quarter rose to 9.05 trillion earned ($8.17 billion), from 7.2 trillion won a year prior, within model from the business’s estimate earlier this month.

Revenue at the world’s top maker of smartphones as well as memory chips rose 3 % to 61.6 trillion won. Net benefit rose 26 % to 6.6 trillion won.

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