“Despite some production losses following the discontinuation of Samsung Electronics' Galaxy Note 7, demands from Chinese handset makers, coupled with the increased production of the Galaxy S7, have driven up the overall shipments,” the firm said.
Samsung Display currently dominates more than 90 percent of the smartphone OLED market, while smaller Chinese players like BOE, EDO, Tianma and Visionox produce some panels to meet local demand.
Demand for OLED panels is expected to continue to grow in the coming months.
Samsung uses OLED panels for almost 70 percent of its smartphone models, including the flagship Galaxy S series and other low-end models, while Apple is also expected to adopt OLED for the first time possibly for a bigger-screen version of its next iPhone.
With Samsung being the sole supplier for the OLED iPhone, other display makers, especially LG Display, are ramping up efforts to elevate the low yield rate of its own OLED panels to become the secondary supplier.
UBI predicted OLED shipments for smartphones could reach 1.4 billion units by 2020.
By Lee Ji-yoon (email@example.com)