IPhone 12 Delay Hurt Q3 OLED Panel Sales, Will Boost Them in Q4: DSCC
Q4 industry OLED panel revenue will increase 49% sequentially, reaching an all-time high of nearly $12 billion, projected Display Supply Chain Consultants Monday. The iPhone 12's later-than-expected release dates “depressed OLED panel shipment sales in Q3 and accelerated sales in…
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Q4,” said DSCC. Q3 OLED panel revenue totaled $8 billion, down 3.3% from the 2019 quarter, but DSCC’s Q4 OLED revenue forecast of $11.9 billion would be up 46% from Q4 2019. The “pattern” of OLED panel revenue is “heavily weighted by smartphones, by far the largest application” for OLED technology in monetary terms, it said. Q3 OLED smartphone revenue was down 9% from a year earlier with the iPhone launch delay, but a 51% Q4 revenue increase to $9.8 billion is expected.