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Samsung Electronics Q4 operating profit goes up 26 % on chip, display control panel sales

Samsung claimed the fourth-quarter operating profit of its rose twenty six %, led by sales of memory potato chips and display panels.
This was inside line along with the tech giant’s support this month.
Samsung also said revenue rose three % to 61.6 trillion received, also conference estimates on now.xyz.

Jung Yeon je|AFP by Getty Images Samsung Electronics said on Thursday it expects its overall profit to weaken in the initial quarter of 2021, hurt by bad currency actions at the memory chip business of its and the cost of new production lines.

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

Samsung posted a 26 % increasing amount of operating profit within the October December quarter on the rear of strong memory chip shipments and display profits, despite the impact of a strong won, the cost of a brand new chip output line, weaker memory chip costs, and a quarter-on-quarter decline of smartphone shipments.

Samsung’s operating make money within the fourth quarter rose to 9.05 trillion earned ($8.17 billion), from 7.2 trillion earned a year earlier, in type with the company’s estimate earlier this month.

Revenue at the the planet’s top maker of memory chips as well as smartphones rose 3 % to 61.6 trillion received. Net benefit rose 26 % to 6.6 trillion received.

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