Samsung Electronics reported its financial results for Q3 2023, with revenues of $50 billion, down 12% from last year, and an operating profit of $1.78 billion - down 78% than last year, but an increase over the previous two quarters. Samsung says that there are still macroeconomic uncertainties, but it sees a recovery in the memory market in 2024.
Samsung Display reports strong performance in the mobile panel business, as there's good demand for premium OLED smartphone panels panels, and it expects this to be maintained in the near future. The company also hope to expand its large-area QD-OLED panel sales, led by seasonal demand.
Samsung Display also says that its future investments will mainly focus on expanding its capacity for flexible displays and OLED products for IT applications (tablets, laptops and monitors). There's no mention of an expansion of QD-OLED production capacity.
