OLED Smartphone Screen Prices Will Collapse Soon

OLED Smartphone Screen Prices Will Collapse Soon

Analysts say OLED smartphone prices will drop due to an oversupply overcrowded by the coronavirus pandemic. The situation is aggravated by US sanctions against Huawei.

The global smartphone market slowed down in the first half of 2020 due to the pandemic. This led to a drop in demand for OLED panels. In the third quarter of this year, 113 million smartphones with OLED displays were shipped, down 17.9% from 2019. UBI Research CEO Choong Hoon Yi said a similar result is expected in the fourth quarter.

About 50% of all iPhones sold this year should have OLED panels, and that is expected to be 75% in 2021 and 100% in 2022. It was previously assumed that due to the pandemic, Apple will be able to ship 180 million iPhones in 2020, but now it is expected to ship 220 million smartphones. iPhone 12 is in high demand, those looking to buy the iPhone 12 Pro and iPhone 12 Pro Max are now offering to wait a whole month.

On the other hand, Huawei’s smartphone business is in decline, which will negatively impact the OLED smartphone market. In the second quarter of 2020, the Chinese tech giant accounted for 53.4% ​​of all OLED smartphones in China. However, sources close to the matter have said the company plans to ship only 50 million smartphones in 2021.

OLED Smartphone Screen Prices Will Collapse Soon

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