BOE plans to invest in two more cities, and OLED’s market share is expected to reach 13% next year

According to reports on July 14, BOE has recently won OLED orders from Apple and Samsung.

According to reports, regarding Apple, BOE is expected to ship 9 million OLED panels to Apple this year, accounting for 5.3% of Apple’s total demand of 169 million units. In addition, BOE has also entered Samsung’s supply chain this year and become one of the suppliers of Galaxy M series OLED panels.

In this regard, some analysts predict that BOE’s mobile phone OLED panels may have a market share of 13% next year. This figure was only 0.1% in 2017 and 8.8% in 2020.

If the above prediction data comes true, it means that in just four years, BOE’s mobile phone OLED panel market share will increase by more than 12%.

As of today's close, BOE's share price rose 2.19% to 6.54 yuan, and its total market value was 227.582 billion yuan.

Yesterday evening, BOE A released a performance forecast stating that it is expected to achieve a net profit attributable to shareholders of listed companies of 12.5 billion yuan to 12.7 billion yuan in the first half of this year, a year-on-year increase of 1001%-1018%.

In this regard, BOE said that behind the outstanding performance is the results of BOE’s continuous efforts and breakthroughs in market share, forward-looking technology and innovation and transformation.

According to public data, in the first half of 2021, BOE’s display product shipments and market share continued to rank first in the world.