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Samsung Electronics Q4 operating profit rises 26 % on chip, screen board sales

Samsung claimed the fourth quarter operating profit of its rose twenty six %, pushed by sales of memory potato chips and display panels.
This was within line with the tech giant’s support this month.
Samsung even said revenue rose 3 % to 61.6 trillion received, also meeting estimates on now.xyz.

Jung Yeon je|AFP by Getty Images Samsung Electronics said on Thursday it expects its general profit to weaken in the first quarter of 2021, injured by bad currency movements at the memory chip business of its together with the cost of brand new production lines.

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

Samsung posted a 26 % increasing amount of operating profit inside the October December quarter on the rear of strong memory chip shipments and display earnings, despite the impact of a strong won, the cost of a new chip cultivation line, weaker mind chip costs, and a quarter-on-quarter fall 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 won a year prior, inside model with all the business’s appraisal earlier this month.

Revenue at the world’s top maker of memory chips as well as smartphones rose three % to 61.6 trillion received. Net benefit rose twenty six % to 6.6 trillion received.

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