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The Korea Herald
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THE INVESTOR
March 28, 2024

Samsung

Samsung Display stays ahead in smartphone display sector in Q3

  • PUBLISHED :December 16, 2016 - 14:48
  • UPDATED :December 16, 2016 - 14:48
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[THE INVESTOR] Samsung Display’s market share in the smartphone and wearable gadget sectors stood above 30 percent for the thrid consecutive quarter in the July-September period to maintain its lead in the global display market, according to data compiled by market researcher IHS Markit on Dec. 16.

Samsung Display reaped US$3.67 billion, or 31.8 percent of the global market for small- and mid-sized displays in terms of revenue till end-September, the data showed. It was larger than the combined market share of its rivals Japan Display and LG Display, which took 15.4 percent and 13.1 percent, respectively. 




The Samsung Electronics affiliate saw its market share surpass the 30-percent mark for the first time in the first quarter of this year, and the firm has been gathering growth momentum thanks to the increasing adaptation of its flexible organic light-emitting display by global smartphone makers.

Samsung Display’s sales of flexible OLED panels exceeded US$100 million for the first time in the third quarter, up 68.7 percent from the same period last year. These panels are a key component in bendable and foldable smartphones. The firm’s market share by revenue in the flexible OELD segment stood at 96.2 percent market in the third quarter.

Samsung Electronics has adopted the flexible panels, and Apple is also expected to deploy them for its iPhones to be released in September next year.

Samsung Display is the only display maker operating a plant for the sixth-generation flexible OLED panel, measuring 1,500 millimeters by 1,850 millimeters.

IHS Markit forecast that the flexible OLED market will grow from US$3.9 million in 2016 to US19 billion in 2020.

By Kim Young-won (wone0102@heraldcorp.com)

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