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

Samsung claimed its fourth-quarter operating profit rose twenty six %, led by sales of mind fries and display panels.
This was inside line with the tech giant’s guidance this month.
Samsung also 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 overall profit to weaken in the very first quarter of 2021, injured by unfavorable currency movements at its memory chip business together with the price tag of brand new production lines.

The forecast comes despite anticipated solid desire 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 strong won, the cost of the latest chip production line, weaker mind chip prices, in addition to a quarter-on-quarter drop of smartphone shipments.

Samsung’s working make money inside the quarter quarter rose to 9.05 trillion received ($8.17 billion), from 7.2 trillion received a year prior, inside line from the company’s estimation earlier this month.

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

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