What They Say
Samsung reported its Q1 result and saw record revenues for the third consecutive quarter at $61.4 billion and operating profit of $11.1 billion. Samsung Display Corp (SDC) had record results for smartphone use and said that for large displays the improvement of production yield of quantum-dot (QD) displays exceeded expectations. SDC sales were $6.3 billion, with profits of $860 million. The switch from LCD to QD-OLED is expected to enhance SDC’s earnings and the firm said that it plans to ‘diversify its customer base’.
Revenue at the Visual Display Business increased year-over-year with higher sales of premium, high-value products such as Neo QLED and Super Big TVs. The firm expects to start shipping QD-OLED TVs in Q3. It will continue to try to boost its premium product sales.
Semiconductors were very big with the DS Division seeing $21.2 billion of revenues and more than half of the firm’s operating profits at $6.66 billion. The firm said that DDI chips increased by more than 30%.
What We Think
The semiconductor and memory businesses continue to contribute so much revenue and profit that allows Samsung to invest in areas it wants to pursue.(BR)
