Samsung reported its final financial results for Q3 2017 - this was a great quarter for Samsung as revenues reached 62 trillion Won (around $55 billion) and operation profits rose 15% from last quarter to reach 14.5 trillion Won (around $12.8 billion USD). Samsung expects next year earnings to grow mainly from its component business, with the memory market likely to remain favorable.
Samsung Display reported increased revenues, mostly due to strong sales of flexible OLEDs, but earnings declines as average sale price of its LCD displays declined and the investments in new OLED capacity. Specifically regarding its OLED business, SDC increased its sales of flexible OLEDs, but prices of rigid OLED panels declined.
In Q4 2017 Samsung expects to grow its OLED sales based on increased shipments of flexible and rigid products. For 2018, Samsung expects OLED products to become mainstream in the smartphone industry, especially as flexible panels increase within high-end devices.
