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Samsung Electronics Q4 operating benefit goes up 26 % on chip, display board sales

Samsung said the fourth-quarter operating profit of its rose twenty six %, pushed by sales of mind chips and display panels.
That was within line together with the tech giant’s direction this month.
Samsung even said revenue rose 3 % to 61.6 trillion earned, also conference 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 initial quarter of 2021, injured by unfavorable currency movements at its mind chip company and the price tag of brand new production lines.

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

Samsung posted a twenty six % increasing amount of operating profit in the October December quarter on the rear of strong mind chip shipments and display profits, despite the impact of a strong won, the price of a new chip production line, weaker mind chip costs, along with a quarter-on-quarter drop in smartphone shipments.

Samsung’s running benefit in the quarter quarter rose to 9.05 trillion earned ($8.17 billion), by 7.2 trillion won a season earlier, inside model with the company’s estimate earlier this month.

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

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