Financial

Samsung posted its Q3 2019 financial estimates - and the company's income was higher than what was expected from analysts - even though profit dropped over 50% compared to 2018.

Bloomberg says that Samsung Display has seen increased demand for OLED displays - due to strong sales of Samsung's own Note 10 smartphone and Apple's iPhone 11 Pro.

In August 2017, Japan Display announced a last-resort strategic focus on OLED displays as the Japanese display maker failed to shift to OLED displays in time. Two years later, in July 2019, the company announced that it finally secured the 80 billion Yen (around $740 million) bailout plan from the China-based Harvest Group, Hong Kong-based activist investor Oasis Management and an unnamed JDI customer - which is likely to be Apple.

Unfortunately for JDI, the Harvest Group decided not to move forward with the investment after all. The Harvest Group was supposed to provide most of the funds for JDI which could put the Japanese display maker in a difficult position.

LG Display is currently producing flexible AMOLED displays for Apple's smartwatches in its E2 4.5-Gen line in Paju. The company hasn't been able to improve its financials as LCD prices are under pressure, and following a recent managerial shuffle, it is now reported that LGD is considering shutting down its E2 line.

The E2 production capacity is around 20,000 substrates per month, but it is less economical than LG's larger OLED lines, the E5 and E6 lines which are 6-Gen lines. LG will reportedly move production from its E2 line to its larger lines.

In 2016 the EU launched the PI-SCALE project, which established a European-wide roll-to-roll flexible OLED lighting pilot production line, with an aim to enable companies of all sizes to quickly and cost effectively test and scale up their flexible OLED lighting concepts. In 2018 the EU has launched a €14 million initiative within PI-SCALE called LYTEUS, which provides the expertise and capability required to progress an OLED lighting concept from an idea and into a commercialized product.

The PI-SCALE project has successfully been completed, and the Fruanhofer FEP institute now announced that following a meeting with the EU Commission representatives, it was decided that the OLED lighting pilot line services will continue to be funded, under the lead of the Fraunhofer FEP. The pilot line service will continue under the name LYTEUS.