OLED Smartphone Device Revenue to Decline 1% on Macroeconomic Environment and Weakened Consumer Demand

Published July 18, 2022

In the recently released Advanced Smartphone Display Shipment and Technology Report, we reveal that 2022 OLED smartphone device revenue is expected to decline 1% Y/Y to $390B on a 4% Y/Y unit decline as a result of the macroeconomic headwinds, weakened consumer demand, persistent supply chain issues as a result of COVID-19 lockdowns in China and concerns regarding inventory product build up. Based on our supply chain sources, all of the major smartphone brands have reduced their OLED smartphone panel procurements for 2022 by single and double-digit percentages.

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Written by

David Naranjo