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Samsung Electronics Q4 operating profit increases 26 % on chip, display screen control panel sales

Samsung claimed its fourth quarter operating profit rose 26 %, pushed by sales of mind potato chips as well as display panels.
That has been inside line along with the tech giant’s support this month.
Samsung also 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 initial quarter of 2021, injured by unfavorable currency movements at the mind chip company of its together with the price tag of new production lines.

The forecast comes despite anticipated sound desire for its mobile products and in the data 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 reliable won, the price of the latest chip production line, weaker memory chip costs, and a quarter-on-quarter decline of smartphone shipments.

Samsung’s running profit within the fourth quarter rose to 9.05 trillion received ($8.17 billion), by 7.2 trillion won a year earlier, in line from the company’s estimate earlier this month.

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

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