DisplaySearch Announces Mixed Results for OLED Displays in Q2'06: Shipments Up 15%, but Revenues Down 14%

DisplaySearch, the worldwide leader in display market research and consulting and part of The NPD Group, revealed in its latest Quarterly OLED Shipment and Forecast Report that OLED shipments grew to 16.1M and revenues hit $112.0M in Q2'06. Organic Light Emitting Diodes (OLED) displays compete with LCDs in small/medium applications such as mobile phone main displays and subdisplays, MP3s and automotive consoles. OLED shipments increased 44% Q/Q due to 48% increase in subdisplays and a 36% growth in MP3 player sales. PMOLEDs continue to dominate the market with a revenue share of over 98%. There are 23 small molecule and 2 P-OLED producers with small molecule having a 97% revenue share.

LG jumped past Samsung SDI and RiTdisplay and led in units and revenue in Q2'06 with 3.6M displays and $27.5 in revenue. Samsung SDI was #2 in both shipments and revenue, and Pioneer moved up to #3. Recovering from a very poor Q1'06, Univision was #4 in revenue, up 361%, and RiTdisplay fell to #5.