Following the Galaxy Note 7 discontinuation, Samsung Electronics reported a 17% drop in quarterly profits - and its net income fell to $3.9 billion.
Regarding its OLED business, Samsung is sending a confusing message. The company reports a decline in flexible OLED shipments compared to the previous quarter - due to the discontinuation of the Galaxy Note 7. On the other hand, Samsung says that OLED earnings increased as overall high-end flexible display shipments increased. So it's not clear what actually happened...
Looking forward, Samsung expects significant improved earnings in its OLED business as it plans to expand production of high-end flexible OLEDs.
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Posted: Oct 27,2016 by Ron Mertens
