Samsung earnings record fueled by chips, OLEDs, and foldables
Samsung is also the world’s largest phone maker and says that it saw strong demand for foldable like its Galaxy Z Flip 3 and Galaxy Z Fold 3 and the low- to mid-range Galaxy smartphones it produces.
Despite reports of possible production issues and slashed manufacturing targets for Apple’s iPhone 13 lineup, Samsung says its mobile display earnings rose “driven by demand for newly launched products from major smartphone customers.” The most major customer that Samsung provides its mobile OLED displays to is Apple, and that company will report its quarterly earnings tomorrow.
Looking into the future, Samsung expects solid earnings for its mobile displays in Q4, and not just because of phones. There’s demand for OLED in larger devices like laptops, tablets, and especially game consoles like Nintendo’s new Switch OLED, which uses a Samsung-made panel.
As far as its TV business, the company is focused on the high-end, saying that it is on track to start producing new quantum dot-based sets that will continue Samsung’s fight against OLED TVs from LG.
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