Samsung Display to Double OLED Shipments in 1Q16

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Samsung Display’s shipments of OLED panels has more than doubled during the past year, since more -global smartphone manufacturers were adopting OLED displays, reported The Korea Herald.

Korean market research firm UBI Research projected Samsung’s OLED shipments soared to nearly 86.7 million units during first quarter of 2016.

UBI Research, a local market research firm that specializes in OLED, estimates that Samsung’s OLED shipments have soared to about 86.7 million units in the first three months of this year. 

During the same period, total global OLED shipments soared to 91.3 million units with Samsung contributing to 95%.

The report outlined Samsung’s dominance in OLED for mobile devices, and having become a major supplier for displays worldwide has put it in top position.

Growing numbers of international manufacturers releasing OLED smartphones has also resulted in 17 new phone models in 1Q16 alone, more than triple from five models announced a year ago.

“Samsung Electronics is extending its smartphone lineup with OLED displays and its Chinese rivals are also fast catching up,” said Yi Choong-hoon, the chief analyst of UBI Research. 

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