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Samsung Electronics Q4 operating gain goes up twenty six % on chip, display screen board sales

Samsung said its fourth-quarter operating profit rose 26 %, pushed by sales of mind fries and display panels.
That was within line along with the tech giant’s support this month.
Samsung even said revenue rose three % to 61.6 trillion won, also conference estimates on now.xyz.

Jung Yeon-je|AFP via Getty Images Samsung Electronics said on Thursday it expects its overall profit to weaken in the initial quarter of 2021, hurt by unfavorable currency moves at its mind chip company together with the expense of brand new production lines.

The forecast comes despite expected solid need for its mobile products and in its information centers business.

Samsung posted a 26 % increase in operating profit within the October-December quarter on the rear of strong memory chip shipments and display earnings, despite the effect of a strong won, the cost of a brand new chip production line, weaker mind chip costs, in addition to a quarter-on-quarter decline in smartphone shipments.

Samsung’s running benefit within the quarter quarter rose to 9.05 trillion earned ($8.17 billion), through 7.2 trillion earned a season earlier, within model with all 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 won. Net profit rose twenty six % to 6.6 trillion won.

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