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Samsung Electronics Q4 operating gain goes up twenty six % on chip, screen panel sales

Samsung claimed the fourth quarter operating profit of its rose 26 %, driven by sales of mind chips as well as display panels.
That was within line together with the tech giant’s direction this month.
Samsung even said revenue rose three % to 61.6 trillion received, 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 first quarter of 2021, hurt by unfavorable currency movements at the memory chip business of its as well as the price tag of new production lines.

The forecast comes despite expected sound demand for its mobile products and in its information centers business.

Samsung posted a twenty six % increasing amount of operating profit inside the October December quarter on the rear of strong memory chip shipments and display earnings, despite the effect of a strong won, the price of the latest chip production line, weaker mind chip prices, in addition to a quarter-on-quarter decline in smartphone shipments.

Samsung’s working profit inside the quarter quarter rose to 9.05 trillion earned ($8.17 billion), by 7.2 trillion won a season prior, within model from the company’s estimation earlier this month.

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

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