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Technology Stocks : OLED Universal Display Corp
OLED 173.51+0.1%3:59 PM EDT

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From: Ravid.Ron9/17/2021 5:45:10 AM
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49% increase in OLED shipments for smartphones and watches

The shipments of organic light emitting diodes (OLEDs) used in smartphones and smart watches increased by 49% compared to last year.

According to UBI Research, a market research company on the 17th, shipments of small OLEDs installed in smartphones and watches in the first half were 333.5 million units, an increase of about 49% compared to the previous year.

Small-sized OLED sales in the first half were estimated at $20.4 billion. This is an increase of about 30% compared to the previous year.

UBI Research analyzed that OLED has high utility in foldable phones.

UBI Research emphasized, "The expected shipments of foldable phones in the second half of the year are expected to reach 8.9 million units thanks to Samsung's strong Galaxy Z Flip 3 sales."

As the OLED market expands, Chinese companies are also expanding their OLED production capacity. According to market research firm Counterpoint, in the first quarter of the smartphone OLED market, Samsung Display took the first place with a share of 73.2%, and LG Display took the second place (14.3%). Chinese companies such as BOE (7.3%) and China Star (2.4%) are following Korea.

UBI Research said, "BOE has completed the extension of the LTPO line in B7, and is spurring preparations to supply the iPhone 13 OLED by completing the factory configuration with an Apple-only line in B11."
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