Samsung expects a $58bn revenue Q3

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

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