Samsung expects LG’s small and medium-sized OLED panel sales to reach $ 9.6 trillion in the fourth quarter

Apple’s iPhone 12 and other mobile phones from other companies, the demand for small and medium-sized OLED panels has increased. Samsung Display and LG Display have sold small and medium-sized OLED panels. The amount will also increase substantially in the fourth quarter.

The sales of small and medium-sized OLED panels of Samsung Display and LG Display in the fourth quarter are expected to reach 9.6 trillion won, equivalent to 8.745 billion US dollars, an increase of 46.2% from the previous quarter and a year-on-year increase of 31.2%.

The sales of small and medium-sized OLED panels of Samsung Display and LG Display will increase substantially year-on-year in the fourth quarter.

This is because the shipments and sales of small and medium-sized OLED panels are driven by smartphones and wearable devices. There was a significant increase in the third quarter, and the current demand is still strong.

The demand for small and medium-sized OLED panels next year will continue to be very substantial. They expect that smartphones with OLED screens will account for 40% of global smartphone shipments next year. The demand for OLED screens is expected to double next year.

In order to meet the growing market demand, Samsung Display and LG Display are also expanding their production capacity. English media said in reports that both Samsung Display and LG Display are accelerating OLED panel expansion projects.