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

Samsung claimed its fourth-quarter operating profit rose 26 %, driven by sales of mind fries and display panels.
That was inside line along 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 by Getty Images Samsung Electronics claimed on Thursday it expects its overall profit to weaken in the very first quarter of 2021, injured by bad currency actions at its mind chip company as well as the expense of brand new production lines.

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

Samsung posted a 26 % rise in operating profit in the October December quarter on the backside of strong memory chip shipments and display earnings, despite the impact of a good won, the price of a brand new chip output line, weaker memory chip costs, and a quarter-on-quarter fall in smartphone shipments.

Samsung’s operating benefit in the fourth quarter rose to 9.05 trillion received ($8.17 billion), from 7.2 trillion received a season earlier, inside type from the company’s estimation earlier this month.

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

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