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Q121 OLED Large Panel Revenue Was $1.45 UP 156% Y/Y
UBI Research reported that mid-to-large-sized OLED panels had demand surging in Q121 resulting in 156% growth Y/Y. According to the UBI research, sales from the segment was $1.45 billion, up 17% sequentially.
UBI Research reported that mid-to-large-sized OLED panels had demand surging in Q121 resulting in 156% growth Y/Y. According to the UBI research, sales from the segment was $1.45 billion, up 17% sequentially.
TV OLED panel shipments were ~1.6 million units in Q121 while notebook OLED panel shipments were ~1.1 million units.
Small/medium panels also experienced a surge in their shipments out of South Korea during the first quarter as 140 million units were shipped within the quarter, up 32.4% Y/Y, although volume was down sequentially, which is normal. Samsung continues as the leading supplier of OLED panels, with 79% of small OLED panel shipments while LG is 2ndwith an 11% share.
UBI Research added that 57 smartphones with OLED displays were released in China in Q121, double the number models launched in the same quarter last year.
The UBI Research report adds that companies like OPPO, vivo, and Xiaomi are launching new smartphones with OLED panels to fill the gap left by the Chinese giant Huawei because of the sanctions from the United States. With the uptick in the number OLED smartphones, there’s an increase in the sales for the Chinese panel makers. It adds that the smartphones, OLED sales were $990 million in Q121, up 38.3 percent YY as Chinese panel makers are manufacturing high-resolution OLED panels, resulting in increased unit prices. However, the report notes that the Chinese panel makers’ use of organic material didn’t increase much. Last year, around 13.8 metric tons of organic light-emitting material were used. China-based smartphone manufacturers are launching smartphones in the mid-to-high-end segment. To meet the demand, the Chinese panel makers are also developing their own foldable OLED panels, but only Samsung is fulfilling the need.
The UBI Research report adds that companies like OPPO, vivo, and Xiaomi are launching new smartphones with OLED panels to fill the gap left by the Chinese giant Huawei because of the sanctions from the United States. With the uptick in the number OLED smartphones, there’s an increase in the sales for the Chinese panel makers. It adds that the smartphones, OLED sales were $990 million in Q121, up 38.3 percent YY as Chinese panel makers are manufacturing high-resolution OLED panels, resulting in increased unit prices. However, the report notes that the Chinese panel makers’ use of organic material didn’t increase much. Last year, around 13.8 metric tons of organic light-emitting material were used. China-based smartphone manufacturers are launching smartphones in the mid-to-high-end segment. To meet the demand, the Chinese panel makers are also developing their own foldable OLED panels, but only Samsung is fulfilling the need.