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Samsung Electronics Q4 operating benefit goes up twenty six % on chip, screen control panel sales

Samsung said its fourth-quarter operating profit rose twenty six %, led by sales of memory chips and display panels.
That was within line together with the tech giant’s guidance this month.
Samsung even said revenue rose three % to 61.6 trillion earned, also meeting estimates on now.xyz.

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

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

Samsung posted a twenty six % increasing amount of operating profit inside the October December quarter on the backside of strong memory chip shipments and display profits, despite the effect of a good won, the cost of the latest chip output line, weaker memory chip costs, in addition to a quarter-on-quarter decline in smartphone shipments.

Samsung’s operating benefit within the fourth quarter rose to 9.05 trillion received ($8.17 billion), by 7.2 trillion earned a season earlier, within line with all the business’s estimation earlier this month.

Revenue at the world’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 won.

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