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Technology Stocks : Universal Display
OLED 145.79-1.0%9:30 AM EST
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From: Itzbritneebich4/27/2017 2:58:19 PM
   of 129
 
Sammy says flat Cellphone sales next Q ...Good morning, everyone. I’m KyeongTae Lee from the Mobile Communication business. I would like to present the first quarter business result and future outlook for IM division. For the first quarter of the Mobile Communication business, market demand for smartphone and tablet decreased Q-on-Q as a result of weak seasonality. Our smartphone shipment slightly increased Q-on-Q. Thanks to the newly released Galaxy 8 2017 Series and solid sales of mass smartphones in emerging markets.

However, our revenue and profit decreased Q-on-Q due to price adjustment of Galaxy S7 Edge and S7. The natural business maintained its solid revenue and profit led by LTE expansion of our major overseas partners and supply of equipment for newly added frequency band in the domestic market.

Next, let me move on to the outlook for the second quarter of 2017. In the second quarter, market demand for smartphone and tablet is focused to remain at similar level as the first quarter. [Indiscernible] our revenue and profit increased Q-on-Q following the global release of the Galaxy S8 and S8 +. However, our smartphone shipment is expected to remain at similar level Q-on-Q due to decreased sales of smartphone including Galaxy A and J series.
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