Samsung Display’s OLED sales may cross $5bn in first quarter of 2021

The sales of OLED panels from Samsung Display is expected to cross $5 billion in the first quarter of 2021.

According to a new report from market research firm Omdia, Samsung’s sales for OLED panels will exceed $5.18 billion in Q1 2021, thanks to an increase in the adaptation of OLED screens.

This marks a 30 per cent increase compared to Q1 last year when the company made $3.9 billion in revenue out of OLED panels and the new rise is backed by the rise in the use of OLED panels in 5G smartphones.

An OLED display comes with improved image quality – better contrast, higher brightness, fuller viewing angle, a wider color range and much faster refresh rates.