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Samsung Electronics Q4 operating benefit increases 26 % on chip, display control panel sales

Samsung said the fourth-quarter operating profit of its rose 26 %, pushed by sales of memory potato chips as well as display panels.
That was in line with the tech giant’s support this month.
Samsung even said revenue rose 3 % to 61.6 trillion earned, 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 initial quarter of 2021, injured by bad currency actions at its memory chip business as well as the expense of new production lines.

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

Samsung posted a twenty six % rise in operating profit inside the October December quarter on the back of strong mind chip shipments and display earnings, despite the effect of a good won, the price of a new chip output line, weaker memory chip costs, in addition to a quarter-on-quarter drop in smartphone shipments.

Samsung’s working profit inside the quarter quarter rose to 9.05 trillion won ($8.17 billion), through 7.2 trillion earned a season earlier, inside model with all the company’s appraisal earlier this month.

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

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