Samsung Electronics reported its financial results for Q1 2018. Net income increased to $10.7 billion - higher then analysts expected, as sales of memory chips surged. Samsung, however, warned of weaker demand of smartphones and flexible OLED displays.
Specifically regarding OLED displays, Samsung said that earnings were lower due to weak demand and rising competition between rigid OLEDs and LCDs. Looking forward to Q2, Samsung seeks to reduce costs and improving yields.