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

Samsung said the fourth quarter operating profit of its rose 26 %, led by sales of memory potato chips as well as display panels.
This was within line along with the tech giant’s guidance this month.
Samsung also 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 general profit to weaken in the very first quarter of 2021, injured by bad currency moves at the memory chip business of its together with the price tag of new production lines.

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

Samsung posted a twenty six % rise in operating profit inside the October-December quarter on the backside of strong memory chip shipments and display profits, despite the impact of a reliable won, the price of a new chip cultivation line, weaker mind chip prices, and a quarter-on-quarter decline of smartphone shipments.

Samsung’s running make money in the fourth quarter rose to 9.05 trillion won ($8.17 billion), by 7.2 trillion won a season earlier, inside type from the business’s estimate earlier this month.

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

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