According to the 3Q AMOLED Market Track issued by UBI Research, the second quarter OLED market was sluggish, affected by the lower utilization rate of Samsung Display. However, in the third quarter, the market rebounded rapidly, forming a market of US$ 8.3 billion.
The performance of the third quarter is up 43.9% from the US$ 5.77 billion in the second quarter, and up 16.6% from the same period of last year.
Samsung Display, which drove sales growth, posted sales of US$ 7 billion, while OLED sales for Smartphone accounted for US $ 7.2 billion as its major application.
By country, Korea achieved sales of US$ 7.9 billion, accounting for 95.5% of the total market. China occupied 4.3% of total sales with US $ 360 million.
Yi Choong-hoon, CEO of UBI Research, explained that 3Q sales growth was attributable to Samsung Display’s production of Galaxy Note and Flexible OLED for Apple’s iPhone XS.