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Samsung Electronics Q4 operating benefit rises 26 % on chip, display screen panel sales

Samsung claimed its fourth quarter operating profit rose twenty six %, driven by sales of mind potato chips as well as display panels.
That was in line together with the tech giant’s direction this month.
Samsung even said revenue rose three % to 61.6 trillion won, also meeting estimates on now.xyz.

Jung Yeon je|AFP by Getty Images Samsung Electronics claimed on Thursday it expects its general profit to weaken in the very first quarter of 2021, hurt by unfavorable currency movements at the memory chip company of its and the expense of new production lines.

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

Samsung posted a twenty six % increasing amount of operating profit inside the October December quarter on the back of strong mind chip shipments and display earnings, despite the impact of a strong won, the cost of the latest chip cultivation line, weaker memory chip costs, in addition to a quarter-on-quarter drop in smartphone shipments.

Samsung’s running profit within the quarter quarter rose to 9.05 trillion earned ($8.17 billion), through 7.2 trillion earned a year earlier, in type from the company’s estimate earlier this month.

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

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