LG Display is one of the well-known OLED suppliers apart from Samsung Display. The company excels in large-sized OLED panels, however, it is expected to ship only 3.6 million units of those this year as a result of COVID-19 pandemic. The new forecast is about 1.3 million units lesser than the initial estimation of 4.9 million units.
Yesterday, at a conference (via The Elec), Choong Hoon Yi, the CEO of UBI Research broke out the news that LG Display will be shipping a lower number of large-sized OLED panels compared to the initial forecast.
Even the current number is only based on the assumption that the global TV market will recover. If the company could not operate its facility located in Guangzhou, China normally, the shipments may further decrease to 3.2 million units.
For comparison, last year, the company shipped 3.3 million large-sized OLED panels. Before the global pandemic, the South Korean analysts forecasted as high as 6 million units of shipments for 2020.
A total of 19 companies, excluding Samsung and TCL are expected to launch OLED TVs. However, the demand for OLED panels has remained small so far. LG accounted for 60% of the demand, followed by Sony at 20% and the remaining 17 companies.
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