Samsung panel business Q2 revenue decreased by 9% year-on-year

[High-tech LED News] Recently, South Korea's Samsung Electronics released 2011 Q2 consolidated revenue of 39.44 trillion won, an annual increase of 4%; consolidated net income of 3.51 trillion won, an annual decrease of 18%; consolidated operating profit of 3.75 trillion won. Among them, the display panel business revenue was 7.09 trillion won, down 9% year-on-year, and operating loss was 210 billion won.

Robert Yi, vice president of Samsung Electronics, said that thanks to the sales season and China's National Day coming soon, the overall shipments of the LCD panel market increased by 8% compared with the previous quarter, but the sales of self-contained TVs were slow, resulting in panel inventory. Still very high.

He pointed out that the overall shipment of Samsung Panel Q2 is less than 10% compared with Q1. With the advent of the peak season, panel shipments across the Q3 industry are expected to increase by 6% from the previous quarter to 184 million units. Samsung's goal is to increase sales of 3D and smart TV premium panels while further improving its production line and supply chain efficiency.

At present, sales of LED TVs in developed and emerging markets continue to pick up, and Samsung's flat-panel TV shipments and profitability have improved. LED TV sales accounted for about half of the total LCD TV sales, and the market demand for Q3 flat-panel TVs is expected to increase by about 10%. Samsung Electronics hopes to expand sales of Samsung SmartTV through localized apps and content.

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