OLED Smartphone Panel Procurement to Decline 5% in Units: DSCC

Global OLED smartphone panel revenue is expected to decline 16% this year to $317 billion due to macroeconomic headwinds, weakened consumer demand, persistent supply chain issues due to COVID-19 lockdowns in China and “concerns regarding inventory product buildup,” reported Display Supply Chain Consultants Monday. All major smartphone brands “have reduced their OLED smartphone panel procurements for 2022 by single- and double-digit percentages,” said DSCC. OLED smartphone panel unit volume is projected to decrease 5% year over year to 592 million, it said.