According to reports from Korea, LG Display expects a decline of up to 10% in demand for OLED TV panels in Q2 2020, due to the CoronaVirus pandemic.
LGD's original plan was to ship over 6 million OLED TV panels in 2020 - which include the smaller 48" OLED TV panels launched at CES 2020. In its latest note, DSCC sees 4.5 million OLED TV panels being produced in 2020, while Omdia's forecast is for only 3.5 million TVs.
The company still expects production at its new Guangzhou OLED TV fab to commence shortly.
Posted: May 07,2020 by Ron Mertens