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

Samsung claimed its fourth-quarter operating profit rose 26 %, led by sales of mind chips and display panels.
That has been inside line along with the tech giant’s support this month.
Samsung even said revenue rose three % 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, injured by bad currency moves at its memory chip business and the cost of brand new production lines.

The forecast comes despite anticipated stable need for its mobile products and in its information centers business.

Samsung posted a 26 % increase in operating profit within the October December quarter on the backside of strong memory chip shipments and display earnings, despite the impact of a reliable won, the price of the latest chip production line, weaker memory chip prices, in addition to a quarter-on-quarter drop in smartphone shipments.

Samsung’s working profit inside the fourth quarter rose to 9.05 trillion won ($8.17 billion), through 7.2 trillion won a season prior, inside line with all the business’s estimate earlier this month.

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

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