Samsung Electronics reported its financial results for Q2 2019. The company's operating profit totaled â©6.5 trillion (around $5.6 billion). Interestingly Samsung reported a one-off gain of $684 million, which could be Apple's compensation for lower-than-agreen-on iPhone OLED panel orders.
Samsung's smartphone sales have been lower than expected, which is one of the factors behind the earnings miss. CLSA analysts expect Samsung Display's to enjoy a 47% growth in OLED sales in the next quarter as demand from Apple, Samsung and Chinese smartphone makers is expected to increase in Q3.
DSCC also sees an increase in SDC's flexible OLED utilization rates, which started already in May 2019 and continued through June.
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Posted: Jul 05,2019 by Ron Mertens
