Several manufacturers have switched to OLED displays given the kind of benefits they offer compared to standard LCD panels. This has led to a massive surge in shipments, mostly for Samsung, which reportedly controls about 99% of the global smartphone OLED market. The information was provided by research firm IHS.
The company saw a record second quarter shipments and a year-on-year (YoY) growth of 81.5% with 98.38 million smartphone OLED panels shipped in Q2 2016. This is up from the 52 million mobile OLED panels shipped in Q2 2015.
It is said that the ratio of the mobile OLED market has touched 25% as of now, with a total of 366.88 million OLED panels expected to be shipped this year. While Samsung’s clientele currently includes the likes of Oppo and Vivo, Apple is also expected to finally join the OLED bandwagon with the iPhone 7 this year. Samsung is believed to have spent about $6.8 billion towards the production of OLED panels in anticipation of Apple’s new iPhone.