Samsung set to benefit from growing demand for dual-camera smartphones
Samsung may not have come out with its own dual-camera smartphone yet but it’s not like the company can’t cash in on rising demand for such handsets. The company has a robust components business through which it supplies components like mobile RAM, memory, cameras, batteries, displays, and more. Samsung Electro-mechanics does cameras, it’s a flagship affiliate of the Samsung Group, and it’s expected to cash in on the growing demand for dual-camera smartphones.
Samsung Electro-mechanics actually posted an operating loss in the final quarter of last year because sales of the Galaxy Note 7 were discounted and it was the main supplier for that handset so it lost out on a lot of business. Analysts expect Samsung Electro-mechanics to make a turnaround in 2017 due to rising demand for dual-cameras from Chinese smartphone manufacturers. The company has been supplying dual-camera setups to Chinese OEMs like LeEco and Xiaomi since the third quarter of 2016.
It’s also said to be in talks with other rising Chinese manufacturers like Oppo, Huawei, and Vivo for new supply deals. Daishin Securities analyst Park Kang-ho expects the company’s sales in China to increase 108 percent in 2017 compared to last year.