Samsung’s Profits Decline But Display Sets Profit Record

Published October 31, 2022

Although the pandemic boom in semiconductors is over, and consumer electronics demand has weakened, Samsung Electronics continued to generate strong revenues and profits from multiple businesses, and its display business set a new profit record in the first quarter after ending LCD production. While competing display makers reliant on LCD suffered severe losses in the quarter (see separate story), Samsung generated profits selling OLED panels.

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Written by

Bob O'Brien