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Samsung to expand its foldable OLED display production capacity
Samsung’s foldable smartphone lineup has been impressive so far, especially with the arrival of the Galaxy Z Flip 3 and Z Fold 3. Recently, a new report from South Korea now indicates that the manufacturer is looking to expand its production capacity by adding three foldable OLED displays by adding more foldable module lines up in its unit in Vietnam.
According to TheElec reports that the expansion will increase Samsung’s total number of foldable module lines from seven to 10. This will increase the company’s foldable panel production capacity from 1.4 million to 1.5 million to 2 million units per month.
Samsung has begun placing orders for the necessary equipment needed for the display module lines, the report said. This will enable the company to reach its annual target of 18 million foldable display shipments by 2022. In contrast, the company expects 8.1 million shipments this year.
Adding to this, experts further revealed that the foldable panel of Samsung Display has a yield rate of 90%. It is estimated that 18 million units will be shipped next year, with 14 million going to Samsung Electronics. The rest of the foldable panels can go to other manufacturers.
Samsung to produce Galaxy Z Fold 4 and Z Flip 4 up to 10 million units
It’s no secret that Samsung is heavily banking on foldable display smartphones. Although the Galaxy Z Fold 4 and Z Flip 4 were recently launched by their ancestors, we are already seeing their reports. The manufacturer’s foldables may also change the Galaxy Note lineup for the better.
Although Samsung foldables are very exciting, their high price tags do not make them attractive to a large number of smartphone users. With this in mind, the low price tag makes sense for the fourth generation Samsung foldable. However, there is still a lot we do not know about Samsung’s plans for Foldable. Hopefully, we will have a better idea in the next few months.
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Samsung today announced provisional sales and profit results for the second quarter. Samsung formally announced the provisional/predicted sales and operating profit, suggesting a massive profit boom in Q2, 2024 given the AI memory semiconductor rise.
In Q2, 2024, Samsung sales provisionally increased by 2.89% and operating profit by 57.34% compared to the previous quarter thanks to AI boom. Besides, the sales climbed by 23.31% and operating profit by 1,452.24% compared to the same period last year.
The company expects sales of 74 trillion won and operating profit of 10.4 trillion won on a consolidated basis. While these results are not final, there won’t be much change in the final result when it comes out. Samsung had a pretty profitable period in the second quarter.
Samsung in Q2
- Consolidated Sales: Approximately 74 trillion Korean won
- Consolidated Operating Profit: Approximately 10.4 trillion Korean won
The Korean tech giant is currently facing yield issues in its second-generation 3nm process. The flagship Exynos processor is unlikely to be commercialized this year. It would lead the Mobile business to face additional burdens due to rising prices of Snapdragon chipsets.
Meanwhile, Samsung is focussing on HBM (high bandwidth memory) semiconductors. HBM is a key player in artificial intelligence servers and data centers. The booming AI market will directly benefit Samsung’s semiconductor business.
Samsung ranked first in market share in the global smartphone market in Q3, 2023. TrendForce report says that Samsung led the global Q3 smartphone market, recording a market share of 19.5%.
Overall production in the third quarter increased by 11.5% compared to the previous quarter to 60.1 million units. During the same period, Apple’s production increased by 17.9% to 49.5 million, thanks to iPhone 15.
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Third place was taken by Xiaomi (13.9%), followed by Oppo (12.6%) and Transion (8.6%). 6th place is Vivo (8%). Meanwhile, global smartphone production reached 308 million units, a 13% increase compared to the previous quarter and a 6.4% increase from the previous year.
Huawei’s re-entry into the flagship smartphone market targeting Apple has had a significant impact in China. Huawei is aiming to expand its high-end flagship series, focusing on the Chinese domestic market next year, so Apple “We plan to attack directly”.
// Source
In Q3 2023, Samsung and Apple’s market share slightly declined, while an underdog Chinese phone brand appeared on the top 5 chart. In a recent development, Canalys published market research data for the third quarter, revealing Tanssion as the fifth best-seller globally.
According to the info, Samsung and Apple lead total sales with 20% and 17% market share, yet both have fallen from their 22% and 18% levels in 2022. However, Tanssion, the maker of Tecno, Itel, and Infinix phones, climbed from 6% global market share last year to 9% in 2023, a 50% jump.
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Apart from this, Xiaomi matched last year’s share only by “recovering” from a terrible first half of 2023. At the same time, OPPO has fallen steadily over the past two years, while fellow BBK brand vivo lost the top-5 slot it’s owned for years.
Overall, the global smartphone market underwent a slight drop of 1% in Q3 2023. Bolstered by regional recoveries and new product upgrade demand, the smartphone market recorded a double-digit sequential growth in Q3, ahead of the sales seasons.