Samsung is the world’s largest producer of mobile phones, and smartphone displays having the solid high demand for its Note 10 and for Apple Inc’s iphone11 Pro, which uses the company’s OLED displays.
Shares rose as much as 1.4 per cent and had climbed 23 per cent this year through Monday’s close. This year, shares rose as much as 1.4 per cent and had climbed 23 per cent this year closed on Monday. Sales for the third quarter were 62 trillion won, beating the average projection compiled by Bloomberg of 61.14 trillion won. Samsung won’t provide net income or break out divisional performance until it releases final results later this month.
The latest version of Samsung smartphone, which includes Galaxy Note 10 and Galaxy Fold, helped in cushion profit decline in the memory business. This display business is recovering from a slump, with a strong demand for OLED display for smartphones same as iPhone 11.