Thursday, April 25, 2024

Samsung shows record profits despite weak demand for mobile OLED

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With its latest earnings report, Samsung notched its fourth straight quarter showing record operating profits of $14.4 billion. As predicted, thats mostly due to the memory chips it makes that go inside its phones as well as many other devices, but the most notable element of the report might be its warning of slow OLED sales.

Samsung makes the OLED screen fronting Apples iPhone X, and like other iPhone suppliers, its results imply that shipments and demand have been lower than ant…..
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