Samsung’s Q3 revenue reached 8.22 trillion won, a month-on-month increase of 27% and a year-on-year decrease of 13%.

News from this site on November 2, Samsung Display released its third quarter report for 2023 today, with third quarter revenue of 8.22 trillion won (notes from this site: currently approximately 44.388 billion yuan), increased month-on-month 27%, a year-on-year decrease of 13%; operating profit was 1.94 trillion won (currently approximately 10.476 billion yuan), approximately doubled month-on-month.

Samsung Display said it saw a slight year-on-year increase in demand for its mobile display units due to seasonal demand and new product launches from major smartphone vendors.

Looking ahead to the fourth quarter, Samsung Display expects mobile display sales to continue to be strong due to seasonal growth in the smartphone and IT industries. However, rising inflation and interest rates could dampen economic growth. The company plans to leverage its strength in the premium segment and launch new foldable products to offset the impact.

Despite tepid demand forecast for large display screens due to economic challenges, Samsung Display aims to reduce losses by optimizing its product portfolio.

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