What They Say
DSCC published its OLED shipment report for Q1 and gave an extract on its blog (registration required) and said that revenues were flat, but units declined 4%. (chart on the blog)
OLED applications that had Y/Y panel shipment and revenue increases were:
- Automotive increased 16% Y/Y in units and 59% Y/Y in revenue;
- Monitors increased 644% Y/Y in units and 317% Y/Y in revenue;
- Notebook PCs increased 110% Y/Y in units and 51% Y/Y in revenue;
- Smartwatches increased 4% Y/Y in units and 8% Y/Y in revenue;
- Tablets increased 106% Y/Y in units and 152% Y/Y in revenue.
OLED applications that had Y/Y panel shipments and revenue declines were:
- Smartphones decreased 8% Y/Y in units and 3% Y/Y in revenue;
- TVs decreased 7% Y/Y in units and 6% Y/Y in revenue;
- Touch bars decreased 81% Y/Y in units and 82% Y/Y in revenue.
The blog looked at sales by application (see chart below) as well as sales by brand. The strong leader remains Samsung with over 60% revenue share – the firm has been hovering around that level for a couple of years now (chart on the blog). After a boost to rigid smartphone panel shipments in Q1 and Q2 last year, flexible remains in the lead at 57%, with rigid at 41% and foldables at 2%.
Apple remains the biggest buyer, with 30% share by volume in smartphone panels (and down from 36% in Q4 2021. (chart on the blog)
What We Think
The diversification of OLEDs beyond wearables, TVs and smartphones over the last year is clear. The other segments are still small, but growing. (BR)
