Samsung: weak OLED sales in Q1 due to low seasonal demand
Samsung Electronics reported their financial results for Q1 2014. The company had sales of almost $52 billion, and made a profit of $8.2 billion. This was less than a year ago, and the company says this is mostly due to lower high-end smartphone and display sales.
Samsung Electronics says that OLED sales were down due to weak seasonal demand and "impact from new product model replacement" (whatever that means). Looking to the future, Samsung expects to increase OLED shipments to high-end smartphones and to expand to mid-end phones as well. They also want to increase applications to wearable devices. Interestingly they do not mention OLED tablets.