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Financial

Q2 2021 Was the Best Quarter Ever for Flat Panel Display Makers

September 7, 2021

Driven by robust pandemic-fed demand and supply shortages that led to increased prices, flat panel display makers had their best quarter in the history of the display industry in Q2 2021. With all panel makers reporting their Q2 2021 results, we can compile a full industry review for Q2, unquestionably the best quarter ever for panel makers, especially those oriented toward large-area LCD panels.
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Foldable

Samsung Announces Strong Foldable Smartphone Pre-Order Growth, DSCC Expects Samsung 2021 Foldable Smartphone Production to Rise Over 250% to >7.0M Units

August 30, 2021

A Samsung Electronics spokesperson told Bloomberg’s Sohee Kim that domestic pre-orders for its new foldable smartphones, the Galaxy Z Fold 3 and Galaxy Z Flip 3, reached 920K units in its first seven days of availability from August 17th to August 23rd. As expected, the $999 Z Flip 3 accounted for the majority of the pre-orders at around 70%. The pre-orders are impressive for Korea as they are 30% higher than Samsung’s Note 20 launch last year and 80% higher than the 2021 S21 launched this year. Samsung’s foldables have historically done well in Korea, accounting for a 52% share of 2020 shipments of the Z Flip and Z Flip 5G and a 33% share of last year’s Z Fold 2 volumes.
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Financial

Best Buy Beats Forecast, Loads Up on Inventory

August 30, 2021

Riding the wave of pandemic-fed demand for consumer electronics, US retailer Best Buy reported better-than-expected earnings in its most recent quarter. It raised its outlook for the second half of the year, a good sign for continued strong demand for display products. Best Buy reported net income of $734M on revenues of $11.8B, beating consensus expectations for its second quarter of fiscal 2022, which ended August 1st, 2021.
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Augmented and Virtual Reality

Last Chance to Register for the AR/VR Display Forum Before Price Increase

August 30, 2021

Super Early Bird pricing for the AR/VR Display Forum will end on August 31st (Tuesday). Register now to save $100 from the full price ticket. This virtual event, the first conference and expo fully dedicated to the emerging display technologies for Augmented Reality and Virtual Reality, will take place on November 3-4.
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OLED

OLED Shipments Expected to Increase 12% Y/Y in 2H 2021

August 30, 2021

OLED panel shipments will increase by 12% Y/Y in the second half of 2021, according to the flash update of the DSCC Quarterly OLED Shipment Report, as increased panel shipments for smartphones combined with growth in IT applications drives the technology toward the mainstream. Starting in Q2’21, we introduced an expedited “flash” deliverable in advance of the full report file. This flash edition analyzes quarterly and annual units through 2022 by application, panel supplier, brand and form factor.
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Foldable

DSCC Upgrades Foldable Forecast as Chip Shortage Causes Brands and Panel Suppliers to Emphasize More Expensive Devices

August 23, 2021

DSCC released a flash report last week as part of its Quarterly Foldable/Rollable Display Shipment and Technology Report. The flash report features a pivot table with monthly foldable smartphone panel procurement by brand, panel supplier, size, resolution, cover material, refresh rate, backplane, chipset supplier and other features by month through 2021 and by year for 2022. A few developments have caused us to upgrade our foldable smartphone panel shipment/procurement numbers by 14% in 2021 to 10.4M and by 16% to 18.7M in 2022 as shown below. As a result, we now see foldable smartphone panels up 220% in 2021 and 80% in 2022.
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TV

Advanced TV Market to Exceed $50 Billion in 2026

August 23, 2021

Advanced TV shipments are expected to grow by 46% Y/Y in 2021, and by a 22% CAGR through 2026 to 43.1M units generating $52B in revenue, according to the latest update to DSCC’s Quarterly Advanced TV Shipment and Forecast Report, now available to subscribers. This report covers the worldwide premium TV market, including the most advanced TV technologies: WOLED, QD Display, QDEF, Dual Cell LCD and MiniLED with 4K and 8K resolution. The report looks at current and future TV shipments and revenues by technology, region, brand, resolution and size, and forecasts the growth of all these technologies. Last week we covered the most recent historical results and this week, we will cover our updated forecast. In this report, we define an “Advanced TV” (capitalized) as any TV with an advanced display technology feature, including all OLED TVs, 8K LCD TVs and all LCD TVs with quantum dot technology.
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OLED

DSCC Releases Flash Edition of Quarterly OLED Shipment Report

August 23, 2021

DSCC has released the Q3’21 OLED Shipment Report – Flash Edition to subscribers. Starting in Q2’21, we introduced an expedited “flash” deliverable in advance of the full report file. This flash edition analyzes quarterly and annual units through 2022 by application, panel supplier, brand and form factor. In Q2’21, OLED shipments decreased by 10% Q/Q but saw 36% Y/Y growth. We expect that Q3’21 will increase 26% Q/Q and increase 28% Y/Y due to recent OLED smartphone launches by Samsung and expected launches by Apple and Google. We expect Q4’21 to increase 4% Q/Q and decline 1% Y/Y compared to Q4’20, when Apple launched the iPhone 12 series later than normal.
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OLED

OLED Share Increased in Booming Advanced TV Market in Q2 2021

August 19, 2021

The expanded product range for OLED TV combined with wider availability and increasing LCD TV prices led to a terrific quarter for OLED TV sales, according to the latest update of the DSCC Quarterly Advanced TV Shipment and Forecast Report, now available to subscribers. Strong demand for expensive home theater systems from pandemic-constrained consumers led to near triple-digit Y/Y percentage increases in shipments of Advanced TVs, with OLED categories faring even better.
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Materials

AMOLED Materials Market to Grow to $1.4 Billion in 2021

August 16, 2021

Sales for AMOLED stack materials for all applications are expected to grow by 32% in 2021 and grow at a 16% annual rate from $927M in 2019 to $2.18B in 2025, according to the latest update of DSCC’s Quarterly AMOLED Materials Report. The report details all aspects of AMOLED materials, including multiple applications, supplier matrices and cost comparisons.
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