Shipments of organic light-emitting diode (OLED) screens soared 144 per cent during the third quarter compared to the same time last year mainly due to increased use in MP3 music players and in industrial displays, according to market researcher, DisplaySearch.
OLED displays use organic compounds that emit light when exposed to an electric current. They use less power than rival technologies such as LCD screens because they don't need a backlight. This makes them a good fit for small electronics devices such as mobile phones and MP3 players. They are also brighter, have better contrast, offer wider viewing angles and provide faster response times than LCDs.
During the July through September time frame, OLED shipments leaped to 16.7 million units as revenues shot up 49 per cent year-on-year to $US130.9 million, DisplaySearch said.
Industrial displays led shipment growth, with a 93 per cent increase compared to last year, while MP3 player sales increased 35 per cent, the researcher said.
The top OLED seller during the third quarter was South Korea's Samsung, which sold $US37.1 million worth of the product, according to DisplaySearch. Taiwan's RiTdisplay was second with revenue of $US26.8 million, up 77 per cent over the same time last year.