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

Samsung said the fourth quarter operating profit of its rose twenty six %, driven by sales of memory fries as well as display panels.
That was within line along with the tech giant’s guidance this month.
Samsung even said revenue rose 3 % to 61.6 trillion won, also conference estimates on now.xyz.

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

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

Samsung posted a 26 % increase in operating profit in the October December quarter on the backside of strong memory chip shipments and display profits, despite the effect of a good won, the price of a brand new chip output line, weaker memory chip prices, in addition to a quarter-on-quarter decline of smartphone shipments.

Samsung’s working profit in the quarter quarter rose to 9.05 trillion earned ($8.17 billion), from 7.2 trillion won a season prior, in model from the company’s appraisal earlier this month.

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

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