The recent quarter has not been good in terms of smartphone shipments because of the COVID-19 pandemic. The pandemic not only led to a drop in smartphone shipments but has also impacted the shipment for components.
As per the latest report from UBI Research, the shipment of the OLED display panels for smartphones dropped to 87 million units in the second quarter of this year. This represents a drop of 23.1 percent compared to the same period last year.
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Compared to the first-quarter data, the numbers for Q2 2020 report a 17 percent decline. It represents a year-on-year decline of around 40.3 percent for the OLED panels in the second quarter, claims the report.
While the shipments for OLED panels declined, it was somewhat offset by the growth in flexible OLED panels. The same report reveals that the shipments for flexible OLED displays grew by 38 percent compared to last year.
The report notes that the drop in the shipments of rigid OLED panels is a result of less number of mid-range smartphones getting launched from the Chinese brands in the second quarter of this year. Since they focused more on flagship-grade devices, the shipments for flexible OLED panels witnessed growth.
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