LG will become the largest provider of OLED for the smartwatch
The market research company IHS, Markit, says that LG has become the world's largest supplier of OLED display. This is thanks to its advantage over Samsung in order to provide the displays for the Apple Watch.
Business Korea is in possession of all the numbers in this regard. Last year, LG has provided a total of 10.64 million AMOLED displays, the smartwatch, with a market share of 41.4%. Following Samsung Display (8,95 million, 34.8 per cent), Everdisplay Optronics (4,17 million, or 16.2%), AUO (1,47 million, 5.7%) and BOE (380.000 or 1.5%).
Although Samsung produces a wide range of smartwatch, not approaching at all to sales of the Apple Watch, which LG is the main supplier. Last year, LG Display and Samsung Display have stocked the Apple of 14,75 million OLED panels for your smartwatch. LG Display has, therefore, represented more than 70% of the total supply. The company from Cupertino are enjoying currently the highest share in the global market of smartwatch. No company will be able to overcome it before 2022, according to the latest forecast.
Samsung, however, seems to be ready to provide the majority of OLED screens for the iPhone this year. Apple has worked hard to bring LG onboard as a second supplier, even paying most of the cost of installing a production line of LG dedicated to the display for the iPhone. However, the company would have struggled to achieve the quality objectives in the production of large volumes. Recent reports suggest that LG will provide from two to five million OLED screens for the iPhone this year, while Samsung will provide the rest.
The article LG will become the largest provider of OLED for the smartwatch comes from iSpazio.