UBI Research says that shipments of small OLED panels rose to 247 million units, up 7.8% from the previous quarter (and up 32.6% from Q3 2023), mainly driven by increase in shipments by LG Display and Everdisplay.
LG Display shipped 17.6 million smartphones panels in the quarter, up 64% from Q2 and 12.2 million wearable OLED panels (up 147%) - thanks to strong shipments to Apple. In total LGD's AMOLED shipments grew 74% quarter to quarter, and 115% from last year. UBI expects LGD to continue and increase its shipments in Q4. The company is almost at full capacity and UBI says the company may decide to expand the capacity at one of its existing 6-Gen fabs.
Everdisplay's OLED shipments more than doubled in the quarter, reaching 13 million panels.
UBI says that overall the market is expected to grow in Q4, and total small AMOLED panel shipments in 2024 will reach 800 million units. Omdia estimates that sales will reach almost 1 billion units in 2024.
