Samsungs reports its Q4 2022 financial results, OLED sales declined as demand for smartphones fell

Samsung Electronics reported its financial results for Q4 2022, with revenues of $57.3 billion, and an operating profit of $3.5 billion.

Samsung says that the "business environment deteriorated significantly in the fourth quarter due to weak demand amid a global economic slowdown". SDC's mobile AMOLED panel business earning declined, as demand for smartphones fell, but its large-area panel business seen a smaller loss as it is increasing sales of QD-OLED panels.

Samsung says that it exhausted its LCD inventory, completing the switch to a full-fledged QD-OLED centered business.