Samsung reported preliminary results for Q3 2017 - record profits, disappointing OLED profits

Samsung Electronics released its preliminary Q3 2017 financial results. Operation profits rose 15% from last quarter to reach 14.5 trillion Won (around $12.8 billion USD). Samsung's memory business enjoyed strong pricing, and while the company did not detail its smartphone sales breakdown, it said earlier that initial pre orders for the Galaxy Note 8 were the highest ever for any Note device.

Samsung Display had a disappointing quarter - with profit falling 53% over last quarter. LCD panel pricing was lower in the quarter, and OLED sales were lower than expected due to delayed shipments of its flexible OLEDs to Apple.

Posted: Oct 14,2017 by Ron Mertens

Comments

A tip to Samsung: release 24-27-inch OLED monitors instead of sticking to small mobile displays forever.

totally agree, properly a 37inch 21:9 high end OLED monitor for PC and 55inch, 66inch 4K OLED for the Tv market other than giving out the market share to LG