Samsung Electronics display revenue fall by 15% in 2022 due to drop in LCD price

The display revenue of Samsung Electronics could drop by 15% year-on-year to $133.18 billion. The drop is increasing year on year and the reason behind this can be the drop in the LCD prices.

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‘TheElec’,  reported that 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.

The research firm further 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.

In the coming time 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.

Samsung NEO TV

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.

Aside from this, 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.

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