What They Say
We have previously reported on forecasts from DSCC that Samsung would retain its share of supply to Apple for the iPhone 14 at around the same level of last year, despite the efforts of BOE and LGD to increase their share. Now the Korea Economic Daily has forecast that SDC will report record results based on the value of the shipments that it will make to support the new smartphone.
The KED said that in August alone, Samsung’s operating profit is estimated to have already matched its usual quarterly earnings. Last year, its third-quarter operating profit came to 1.5 trillion won ($1.1 billion). Samsung is expected to win 82% of the orders in Q3 vs 12% for LGD and 6% for BOE.
The journal said that LGD had wanted to win LTPO orders, but these had all gone to Samsung in the first round as LGD was delayed in production, although it could get back in in later rounds.
What We Think
Samsung’s incredibly broad spread of technology sometimes really pays. Just as the memory and general semiconductor businesses are going down or turning from good to weak, it is able to produce a good financial performance. (BR)
