Samsung expects a $58bn revenue Q3

: Edith : 2018-10-09

Samsung expects a 20% y-o-y increase in Q3 profit to $15.6 billion – another record.

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Revenues are expected to be $58 billion.


Samsung’s semiconductor business accounted for 78% of Samsung’s profits in Q2, but displays and phones saw a Q2 profits decline.


Q3 is expected to be better than Q2 for the display business as  Apple’s new iPhones use the higher-value OLEDs rather than LCDs. Apple accounts for 25-30% of Samsung’s  display revenues.


Despite the record results, Samsung’s shares have fallen 12% this year due to expectation of lower memory ASPs.


Source from:electronicsweekly