DCSS: In Q3 2022, OLED panel revenue will drop by 11% year-on-year

The latest OLED Shipment Report released by DSCC shows that OLED panel revenue fell by 11% year-on-year, and panel shipments fell by 17% year-on-year. Smartphone, tablet, and TV applications accounted for a combined 70% share of shipments and 85% share of panel revenue.

According to the OLED panel application:

  • Smartphone shipments decreased by 26% year-on-year, and panel revenue decreased by 16% year-on-year.
  • Smartwatch shipments grew 11% year-over-year, and revenue rose 37% year-over-year.
  • TV shipments decreased by 4% year-on-year, and revenue decreased by 12% year-on-year.
  • Display shipments were up 222% year-over-year, and revenue was up 66% year-over-year.
  • Notebook PC shipments increased 9% year-over-year, while revenue decreased 2% year-over-year.
  • Tablet PC shipments fell 21% year-over-year, and revenue fell 36% year-over-year.
  • In-vehicle display shipments increased by 152% year-on-year, and revenue increased by 119% year-on-year.
  • Gaming display shipments rose 7% year-over-year, and revenue rose 2% year-over-year.
In the third quarter of 2022, smartphones will still be the largest OLED application, accounting for 68% of the OLED market share and 75% of the panel revenue share, but respectively lower than the second quarter of 2022. OLED smartwatches accounted for 23% market share and 9% revenue share, both higher than in the second quarter of 2022. OLED TVs had a unit share of 1% and a revenue share of 9%.

In the third quarter of 2022, the average panel selling price of smartphones and smartwatches has increased, and the reason for the increase in average selling price is the increase in shipments of folding panels in the third quarter due to the release of new products and the launch of Apple’s iPhone 14 series and The release of the new smartwatch. However, in other non-Apple Samsung brand panel price trends, the average selling price of OLED panels is on a downward trend. Especially in the panel price outlook for 2023, the price of rigid OLED panels mainly for mobile phone applications is required to reach a level similar to that of LTPS LCD panels, while the price of low-cost specifications for flexible OLED panels is required to be equal to that of previous rigid OLED panels. Panel prices are similar to the water level.

In the third quarter of 2022, Apple’s share of OLED smartphone panel purchases by brand increased from 29% in the second quarter of 2022 to 45%, followed by Samsung with a 17% market share, This is lower than the market share of 23% in the second quarter of 2022. In the third quarter of 2022, rigid OLED smartphone panels fell by 41% quarter-on-quarter, flexible OLED smartphone panels grew by 9% quarter-on-quarter, and foldable OLED smartphone panels grew by 103% quarter-on-quarter. Rigid OLED Due to price issues, the range of changes brought about by the product change from rigid OLED to flexible OLED is very obvious, and this trend will be more severe in 2023.

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