Samsung reports excellent results for Q2 2021, with strong demand for OLED displays

Samsung Electronics posted its financial results for Q2 2021, with record sales of $55.2 billion and a net profit of $10.9 billion. Samsung saw higher earnings at its memory and display businesses, offset by a decline in smartphone sales.

Samsung Display says that OLED sales and profits increased because of wider adoption of OLED displays. SDC is worried that supply issues of display drivers may disrupt shipments in Q3, but demand for OLEDs in IT devices and gaming products are expected to see significant growth.

SDC also reported a 'one-time' gain in the quarter which added to its profits. This could be yet another penalty payment by Apple due to lower OLED orders.

Posted: Jul 31,2021 by Ron Mertens