News

SEOUL, Sept. 12 (Yonhap) - Samsung Display Co., the South Korean manufacturer of display panels, maintained its lead in the second quarter panels in the market for smartphones and tablet computers from 9.1 inches or smaller, showed, on Thursday, data from market researcher DisplaySearch.

Sales of smaller panels by Samsung Display reached 3.020 billion in the April-June period, accounting for 30.7 percent of the global market, DisplaySearch said.

The second-quarter figure represents an increase of 16 percent compared to 2,620 million dollars in sales in the previous quarter, according to data.

Smaller panels liquid crystal display (LCD) and organic light emitting diodes (OLED) are generally used for smartphones and tablet computers.

The market dominance of Samsung display was driven by strong sales of Galaxy smartphones manufactured by its subsidiary, Samsung Electronics Co.

Sales of Samsung's OLED panels increased 17 percent quarter to reach 2,760 million dollars in the second quarter, according to data.

Samsung Electronics became the world's largest maker of smartphones in the first quarter, overtaking Apple Inc. and Nokia Corp.

Taiwanese companies, Chimei Innolux Corp. and AU Optronics Corp., was placed second and third, respectively, winning by 12.8 and 8.4 percent, according to DisplaySearch.

Sharp Corp. of Japan, stood in fourth place with $ 795 million in sales and a market share of 8.1 percent, followed by LG Display Co., with $ 754 million and 7.7 percent, added data.