Blog

Advanced Tablet Panel Shipments Fall Y/Y in Q4’22, Larger Decline Expected in Q1’23

March 20, 2023

As reported in our latest Quarterly Advanced IT Display Shipment and Technology Report, OLED and MiniLED tablet panel shipments fell 10% Q/Q and 11% Y/Y in Q4’22 to 2.3M units. It was the first Y/Y decline since Q1’21. The decline can be attributed to lack of compelling new models, the weak IT market resulting from the COVID bubble where significant forward demand was pulled in, high inflation such as higher energy and food prices weakening consumer spending and recessionary concerns. Q1’23 looks even worse likely due to some inventory concerns at Apple and again a lack of new products. Samsung’s Galaxy Tab S9 series isn’t expected to launch till August, so Q1’23 will have a more challenging comparable. A steeper 42% Y/Y decline is expected in Q1’23.
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Foldable

More Foldable Report Highlights – 37 Foldables in the Market this Year, CoE Panels from China, Multi-Fold Coming and More

March 6, 2023

We published our Quarterly Foldable/Rollable Display Shipment and Technology Report last week and it is clear 2023 will be a busy year for foldables. While 19 different foldable smartphone models had shipments in 2022 from seven different brands. In 2023, DSCC expects to see at least 37 different models ship in 2023 from 10 different brands with Google, OnePlus and Tecno entering the mix as brands look to breathe new life into the stagnant smartphone market. At least 16 different clamshell models are expected along with at least 20 different in-folding (book-type) models and one new out-folding model. While the foldable smartphone market is heating up, DSCC reports delays in foldable notebooks with a number of models expected in Q4’23 pushed out to 2024 due to the weak IT market this year.
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TV

LCD TV Panel Prices Edging Up in Q1

March 6, 2023

After a pause in December and January, LCD TV panel prices are increasing again from their all-time lows. With LCD fab utilization well below normal levels, TV supply chain inventories have been decreasing and panel purchases have started to recover. While the price increases are undoubtedly welcomed by panel makers, the industry remains in a difficult position with prices below cash costs.
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Display Equipment

DSCC Sees Display Capacity Down 2% in 2023 on Delays and LGD/SDC Shutdowns – LCDs Down 3%, OLEDs Up 6%

February 27, 2023

DSCC sees display capacity down 2% Y/Y in 2023 as Korean manufacturers LG Display and Samsung Display shut down or convert LCD capacity in China and/or Korea and other manufacturers delay capacity additions on weak market conditions. As indicated in DSCC’s Quarterly Display Capacity and Equipment Market Share Report, DSCC sees LCD capacity falling 3% in 2023, with OLED capacity up 6%. Despite the 2023 decline, LCDs will still dominate display capacity on an area basis with a 91% share in 2023, down from 92%.
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TV

US TV Prices Fall as Overall Inflation Disappoints

February 20, 2023

In January 2023, headline inflation numbers in the US continued their slow but steady decrease from their highest point in more than 40 years, but the decrease in January was smaller than expected. Meanwhile, TV prices resumed their downward march in January after an unusual increase in December 2022.
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OLED

OLED Revenues Fall 3% Y/Y in Q4’22

February 20, 2023

As revealed in DSCC’s latest release of the OLED Shipment Report – Flash Edition, OLED panel revenues decreased 3% Y/Y in Q4’22 to $12.6B as a result of a 7% Y/Y shipment decline. In Q4’22, by select OLED applications: • Smartphones increased 3% Y/Y in units and in revenues; • TVs decreased 4% Y/Y in units and 12% in revenues.
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Financial

Panel Suppliers Continue to Delay Capex, 2023 Equipment Spending to Be Lowest Since 2012

February 13, 2023

First, the bad news. We downgraded 2023 display equipment spending in the Q1’23 issue of our Quarterly Display Capex and Equipment Market Share Report another 13% to just $3.8B, the lowest since 2012. The decline can be attributed to weak end market conditions which are causing panel manufacturers to push out capacity increases. Display demand remains soft with too much demand pulled into 2020 and 2021 during COVID along with inflation and slower economic growth further weakening 2022 and 2023 demand. You can see in the chart below that demand on an area basis was pulled in vs. our 2020 forecast by 2% in 2020 and by 3% in 2021.
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