LG Display expects OLED TV panel demand to fall 10% in q2

May 9, according tomedia reports, the current demand for products in many industries and areas have been affected by the outbreak, OLED TV demand is also expected to be affected, OLED TV panel manufacturers have expected demand in the second quarter will decline by 10%.

LG Display expects OLED TV panel demand to fall 10% in q2

LG Display, which had planned to supply 6 million OLED TV panels this year, including a 48-inch OLED TV panel, launched the smaller OLED TV panel during the 2020 CES 2020 in January.

LG Display’s planned supply of 6 million OLED TV panels this year, also announced at a press conference during CES 2020, was announced by new CEO Zheng Haoyong, who pledged to double the supply of OLED TV panels this year to 6 million from 3.3 million last year.

With demand expected to decline in the second quarter, it is also uncertain whether LG Display’s SUPPLY of OLED TV panels this year will be as good as expected.

LG Display will produce 4.5 million OLED TV panels this year, up 33 percent from 2018, but not as much as the 6 million previously expected, and the 48-inch OLED TV panel is expected to produce 63,000, the panel supply chain consultancy said in a report.