CLSA estimates that Samsung's OLED shipments have declined 26% in Q1 2019 (compared to Q4 2018), as global handset shipments remain weak (especially in China) and shipments to Apple declined 60%.
CLSA says that SDC will post a 500 billion Won ($440 million USD) loss, compared to a 500 billion Won profit in Q4 2018 - due to the low OLED shipments, losses at the LCD business as panel prices fell 7% in the quarter and as the company finally started to recognize depreciation of its A4 OLED fab.
CLSA estimates that utilization at Samsung's OLED fabs fell to 65% (rigid) and 40% (flexible) - down from 85% (rigid) and 63% (flexible) in the previous quarter.
Posted: Mar 20,2019 by Ron Mertens
