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LG Displays tops World's AMOLED display Market due to Strong Apple Watch Sales

1 X LG DISPLAY LOGO

 

Korean display maker LG Display topped the world's AMOLED display market for smartwatches last year thanks to strong sales of Apple's smartwatches.

 

According to market researcher IHS Markit, LG Display shipped 10.64 million units of AMOLED panels last year to top the global AMOLED display market for smartwatches. LG took a market share of 41.4 percent.

 

LG Display could sit at the top of the list thanks to the strong presence of Apple Watch. Last year, LG and Samsung supplied a total of 14.75 million AMOLED display panels for smartwatches to Apple and LG's panels accounted for more than 70 percent after shipping 10.64 million units.

 

Apple Watch is considered the most popular smartwatch on the market. According to market researcher CCS Insight, the wearable technology market is estimated to grow to $29 billion by 2022.

 

An estimated 16 million Apple Watch products are expected to be sold this year, up 60 percent from last year. An LG Display official said the tie with Apple will contribute to the company's sluggish performance.

 

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