OLED sales increased to $ 6.9 billion in the second quarter

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According to the OLED market track published by UBI Research in the third quarter, OLED sales increased to $ 6.9 billion in the second quarter. This is an increase of 9.5% compared to last quarter, an increase of 18.5% from the same quarter last year.

The biggest reason for the increase in sales is the increase in OLED sales to China by Samsung Display, which leads the OLED industry. Huawei, Oppo, Vivo, and Xiomi’s OLED usage increased more than 1.5 times compared to last year, and Samsung Display’s sales in the second quarter were $ 5.5 billion. In addition, LG Display’s WRGB OLED sales growth and BOE’s flexible OLED sales boosted the market to $ 6.9 billion.

Samsung Display’s sales share accounted for 79.9% and BOE’s market share increased to 6%.

<Source: 3Q2019 UBI Research OLED Market Track>

In 3Q, sales are expected to increase further. Samsung Display’s flexible OLED shipments will increase further for Apple’s new models and Huawei’s Mate. LG Display will also begin supplying flexible OLEDs to Apple, and BOE has decided to supply flexible OLEDs to LG Electronics.