Samsung display revenue to drop by 15% in 2022!

Due to the drop in the LCD prices, the display revenue of Samsung Electronics could drop by 15% year-on-year to $133.18 billion. The drop is increasing year on year.

According to the news firm ‘TheElec’, the drop is continuously increasing. In 2020 it was 14%, and in 2021 it is 26%. This is all happening due to increasing demands for Liquid crystal displays.

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Further, the research firm said that this year also the same trend will continue and the prices will continue to fall. It has also predicted that the revenue is expected to drop more in the upcoming days.

Revenue from the LCD Panel is expected to drop by 32%, to $25.8 billion. On the other hand, the shipment area is going to increase by 2% for the same period. Not only Samsung but other display-making companies such as BOE, HKC, CSOT, LG, and Innolux have also dropped.

BOE – from 65.5 million to 60 million

HKC – 49.5 million to 42 million

CSOT – 45 million 44.8 million

LG Display – 23.5 million to 34.6 million.

The revenue from the handset panel is expected to drop by 8% from last year, which means $4.37 billion.

There is one more important piece of news coming out, Samsung electro-mechanics has won the Tesla supply chain war with the Taiwanese camera module maker. So Samsung has cracked the deal to be a camera module provider for Tesla’s heavy-duty electric vehicles. The most interesting part is that Tesla will wholly rely on the Samsung Camera module for the Self-Driving Beta Mode.