LG Display Co., Ltd. (LPL): Business Model Canvas [Apr-2026 Updated]

You're digging into LG Display Co., Ltd. (LPL)'s strategy, trying to see past the old LCD story to where the real money is now. Honestly, after years of tough going, the story as of late 2025 is a sharp, profitable pivot centered entirely on OLED. They are banking everything on their industry-leading Primary RGB Tandem OLED technology-think those stunning 4,000-nit panels for Apple's newest devices-which now drives a solid 65% of their revenue stream. But this high-tech game means massive R&D expenditure and high fixed costs from their capital-intensive fabs, so understanding how they manage that cost structure against their cumulative operating profit of KRW 348 billion up to Q3 2025 is key to valuing their next move. Dive into the Canvas below to see the exact partnerships and resources making this high-stakes transformation happen.

LG Display Co., Ltd. (LPL) - Canvas Business Model: Key Partnerships

Apple for small- and medium-sized OLED panels (iPhone 17, iPad Pro).

LG Display Co., Ltd. (LPL) is positioned to secure more than 30% of total iPhone OLED panel shipments for Apple's iPhone 17 series and OLED iPad Pro models in 2025 and beyond, leveraging its primary RGB Tandem OLED technology. The growth in Apple orders is a key driver; LPL's share of Apple OLED panel orders moved from 21.3% in Q2 2025 to 30.3% in Q3 2025. Forecasted iPhone panel shipments for LPL were around 18.5 million units in Q3 2025 and projected to reach 24 million units by Q4 2025. Reports suggest LG Display struggled with supply chain problems and may not have been able to produce enough iPhone 17 AMOLEDs.

Global top-tier Original Equipment Manufacturers (OEMs) for large-panel OLED.

OLED products drove 65% of total revenues in the third quarter of 2025, the highest proportion to date. Analysts expect actual large-area WOLED panel shipments in 2025 to reach about 6.5 million units. Samsung Visual Display has an agreement for the supply of OLED display panels from LG Display Co., Ltd.. Samsung Display and LG Display are targeting a combined total of 8.8 million units in OLED monitor panel shipments by 2030.

Strategic B2B customers for high-end, profitability-centric LCD products.

The company is continuing to improve profitability by offering optimized products tailored to customer needs in each segment, leveraging differentiated high-end LCD technologies such as IPS Black and next-generation Oxide. The overall revenue share from TV panels, which includes LCD, decreased to 16% in Q3 2025. The company completed the sale of its large-sized LCD plant in Guangzhou, shifting focus to the OLED-centered business structure.

Raw material and component suppliers for display manufacturing.

The shift to the OLED-centered business structure is supported by continuous cost innovation and operational efficiency activities. The company aims to further solidify its position in the high-end market based on its technological competitiveness, which includes Tandem OLED for IT devices. LG Display is demonstrating its blue phosphorescent OLED technology, which uses a newly developed hybrid two-stack Tandem OLED structure.

Automotive manufacturers for specialized plastic OLED and LTPS LCD.

Automobile panels accounted for 10% of revenues in the second quarter of 2025, slightly decreasing to 8% in the third quarter of 2025. In the first quarter of 2025, this segment represented 9% of revenues. LG Display aims to bolster its position as a global leader in automotive displays by leveraging a differentiated product and technology portfolio, including Tandem-based P-OLED and Advanced Thin OLED (ATO).

• Automotive panel revenue share in Q2 2025 was 10%.
• Automotive panel revenue share in Q3 2025 was 8%.

LG Display Co., Ltd. (LPL) - Canvas Business Model: Key Activities

Manufacturing and mass production of advanced OLED panels.

LG Display Co., Ltd. aims to ship around 6 million large-area WOLED panels in 2025, with analysts expecting actual shipments to reach about 6.5 million units, an increase from 5.7 million units in 2024. The company's Q3 2025 large OLED capacity utilization was around 75%, utilizing approximately 135,000 out of 180,000 8-Gen substrates per month. Shipments for small-area mobile AMOLED panels increased by 20% in the first half of 2025. The average selling price (ASP) per square meter for OLED panels surged to $1,056 in Q2 2025, marking a 32% quarter-over-quarter increase. The fourth-generation OLED TV panel achieves a maximum luminance of 4,000 nits and boosts energy efficiency by approximately 20% compared to the previous generation (based on a 65-inch panel).

LG Display Co., Ltd. revenue breakdown by product segment for Q1 2025:

OLED-centric business structure upgrade and portfolio shift.

The share of OLED products in total revenue reached 65% in Q3 2025, which was up 9 percentage points quarter-on-quarter and 7 percentage points year-on-year. The annual OLED share is projected to be at the low-60% level for 2025. The sale of LG Display Co., Ltd.'s large-sized LCD plant in Guangzhou is now complete. LG Display Co., Ltd. reported Q3 2025 revenue of KRW 6.957 trillion, with an operating profit of KRW 431 billion. The company posted a net profit of $619.1 million in Q2 2025. Analysts expect LG Display Co., Ltd. to post a profit over KRW 800 billion ($580 million USD) in 2025, the first profitable year since 2021. Automotive OLED revenue reached 10% of total sales in Q2 2025.

Intensive cost innovation activities and operational efficiency programs.

In Q1 2025, LG Display Co., Ltd.'s profitability improved by more than KRW 500 billion compared to the same period last year. The Q3 2025 operating profit of KRW 431 billion represented an increase of over KRW 500 billion compared to the previous quarter and year. Capital expenditures (CAPEX) for 2025 are expected to remain in the low KRW 2 trillion range. The company is implementing an additional workforce improvement program in Q4 2025, with a onetime cost greater than the last quarter, expected to be offset after approximately 1.5 years. The adoption of blue phosphorescent OLED technology for IT devices cuts power consumption by 15%.

Research and Development (R&D) for next-generation displays like transparent OLED.

LG Display Co., Ltd.'s board approved an investment of KRW 1.26 trillion in new OLED technologies, with an investment period set from June 17, 2025, to June 30, 2027. This investment is roughly expected to boost OLED development until June 2027 and is equivalent to over $900 million. The cumulative research and development costs for the third quarter of 2025 totaled 1.6686 trillion won, a 5.28% cut from the 1.7616 trillion won spent during the same period last year. The ratio of R&D to sales recorded 9.0% in Q3 2025, down 0.4 percentage point (P) from 9.4% a year earlier. The industry expects LG Display Co., Ltd.'s full-year 2025 R&D spending to end up around 2 trillion won. LG Display Co., Ltd. presented 16 early-stage research papers on next-generation display technologies at SID Display Week 2025.

Profitability-focused management of the remaining LCD business.

The guidance for Q4 2025 indicates that LCD shipment to decrease as the portfolio stays profitability-focused. LG Display Co., Ltd. is managing this segment by offering optimized products leveraging differentiated high-end LCD technologies, such as IPS Black and next-generation Oxide.

LG Display Co., Ltd. (LPL) - Canvas Business Model: Key Resources

You're looking at the core assets LG Display Co., Ltd. (LPL) relies on to compete in late 2025. Honestly, it's all about their display tech lead right now, especially as they pivot away from lower-margin products.

Technological Superiority and Manufacturing Footprint

The foundation of LG Display Co., Ltd. (LPL)'s value is its proprietary display technology, particularly the latest iteration of its OLED structure. This is what separates them in the premium segment.

• Industry-leading Primary RGB Tandem OLED technology: This 4th-generation structure uses four stacks of RGB elements, significantly boosting performance over previous generations.
• The 83-inch large OLED display variant achieves a peak brightness of up to 4,000 nits.
• Color brightness in the latest TV panels reaches 2,100 nits, which is a 40% improvement over the prior generation's 1,500 nits.
• Energy efficiency is improved by approximately 20% compared to the previous generation, based on 65-inch panel metrics.

For monitors, the 27-inch Primary RGB Tandem panel is specified to deliver up to 1,500 nits peak brightness (in a 1.5% window) and up to 335 nits full-screen brightness. Anyway, this technology is central to their strategy to maintain leadership against competitors.

LG Display Co., Ltd. (LPL) backs this innovation with significant physical assets. They operate advanced manufacturing facilities (fabs) essential for scaling these complex panels.

For their large-sized production, LG Display Co., Ltd. (LPL) has the capacity to produce 180,000 8-Gen substrates monthly, with utilization projected around 75% (or 135,000 substrates) for 2025. This capacity supports their strategic focus on OLED, which accounted for 65% of total revenue in Q3 2025. They are actively pushing into the small/medium-sized market, evidenced by a 20% year-on-year shipment growth in small mobile panels in the first half of 2025.

Financial Stability and Intellectual Capital

A key resource supporting ongoing R&D and capital expenditure is the company's liquidity position. As of the third quarter of 2025, LG Display Co., Ltd. (LPL) maintained KRW 1.555 trillion in cash and cash equivalents. This provides a buffer as they continue downsizing non-strategic businesses, like the LCD TV segment.

The company's competitive edge is also heavily reliant on its human capital and the legal protection around its innovations. You see this investment reflected in their talent management:

• Executive appointments effective January 1, 2025, recognized individuals who developed algorithms to improve large OLED afterimage and reduce power consumption in small/medium OLEDs.
• Other promotions in late 2024/early 2025 were for talent contributing to strengthening business portfolios via medium-sized OLED product development.
• The Head of R&D Strategy/Planning Division presented on the 'OLED Technological Innovation and the Future Roadmap' in April 2025, showing active forward planning.

While a precise, current count of the Extensive Intellectual Property (IP) portfolio is not readily available, the continuous executive recognition for technological breakthroughs confirms that patents and proprietary knowledge remain a critical, actively managed resource for LG Display Co., Ltd. (LPL).

Finance: draft 13-week cash view by Friday.

LG Display Co., Ltd. (LPL) - Canvas Business Model: Value Propositions

You're looking at the core reasons why major tech players are sticking with LG Display Co., Ltd. (LPL) for their premium screens, even when competitors are pushing hard. It really boils down to a few key technological leaps and a proven ability to deliver at scale.

Superior image quality and brightness via 4,000-nit Tandem OLED

The big story here is the fourth-generation OLED panel, which is a serious step up. This panel, built on the proprietary Primary RGB Tandem structure, is the industry's first to hit a maximum peak brightness of 4,000 nits. That's a 33% jump in peak brightness compared to the generation before it. To give you some context, 1 nit is about the brightness of a single candle; so, we're talking about a massive light output for an OLED. Also, the color brightness has been pushed to 2,100 nits, which is a 40% improvement over the previous generation's 1,500 nits. Honestly, this tech is designed to work with the latest AI TVs, analyzing content in real-time. Plus, they've managed to improve energy efficiency by roughly 20% on a standard 65-inch panel by optimizing the element structure and power supply system.

Here's a quick look at the spec bump for the TV panels:

Differentiated, high-reliability displays for the automotive sector (P-OLED, ATO)

The automotive segment is where LG Display Co., Ltd. (LPL) is really showing off its reliability and high-end differentiation. For Q2 2025, revenue from automotive OLED panels hit 10% of total sales, up from 9% in Q1 2025. By Q3 2025, it settled at 8% of revenue, showing a strong, consistent presence in a high-value market. Cumulatively, automotive OLED shipments reached about 2.7 million units through Q3 2025. LG Display accounted for 220,000 units of those shipments, giving them an 8% market share by unit in that period. The entire automotive display market revenue is projected to hit $13.6 billion in 2025, with OLED expected to capture 9% of that revenue. They are pushing innovative technologies for ultra-large sizes, durability, and low power consumption, which is critical for electric vehicles (EVs). They even unveiled automotive stretchable displays at SID Display Week 2025, which is pretty neat.

The automotive display revenue breakdown for 2025 is shaping up like this:

• LTPS TFT LCD revenue share: 45%
• OLED revenue share: 9%
• Traditional a-Si TFT LCD revenue share: 44%

Human-friendly screens that reduce visual fatigue and melatonin suppression

While I don't have direct numbers on melatonin suppression, the focus on visual comfort is concrete. The new 4th-generation OLED panels use a special film that blocks 99% of internal and external light reflections. This means you get perfect blacks, like a movie theater, even when the room is bright-say, at 500 lux. This technology helps maintain vivid colors and black levels regardless of the ambient light, which definitely helps reduce eye strain for long viewing sessions. It's about delivering the perfect picture in any environment, which is what you want when you're integrating these into complex cockpit designs.

High-volume, reliable supply of panels to major global tech brands

Reliability in volume is a core strength, and the numbers defintely show it. OLED products made up 56% of total revenues in Q1 and Q2 2025, climbing to 65% of total revenues in Q3 2025. That's a massive shift to high-margin products. For the TV segment alone, LG Display Co., Ltd. (LPL) is targeting shipments of around 6 million panels for the full year 2025. On the mobile side, small-area AMOLED panel shipments saw a 20% increase in the first half of 2025. Plus, they are the exclusive supplier of wearable AMOLED displays to Apple, which speaks volumes about their stable supply capabilities and quality control for key partners.

Flexible display solutions, including transparent and foldable OLED

LG Display Co., Ltd. (LPL) is turning futuristic concepts into commercial realities. Their Transparent OLED technology is a prime example; it achieves a transparency rate of 45%, far surpassing the 10%-range seen in traditional LCD-based transparent displays. You can see this in action, as they became the first to apply Transparent OLED on Korea's subway platforms. Also, they are pushing the envelope with other form factors, having unveiled stretchable display technology at SID Display Week 2025. Furthermore, they have successfully completed commercialization verification for the long-elusive blue phosphorescent OLED panels, a major technological hurdle cleared.

LG Display Co., Ltd. (LPL) - Canvas Business Model: Customer Relationships

You're looking at how LG Display Co., Ltd. (LPL) manages its most critical connections-the relationships with the big names buying their panels. It's all about locking in those high-volume, high-spec orders, especially now that the company is laser-focused on OLED.

Dedicated B2B account management for strategic, top-tier OEM clients

LG Display Co., Ltd. (LPL) structures its engagement around its core product segments, which are heavily B2B. While I don't have the exact headcount for dedicated account managers, the strategic importance is clear from the parent company's direction: LG expects its overall B2B concerns to account for 45 percent of total sales by 2030, up from 35 percent at the end of 2024. For LG Display Co., Ltd. (LPL) specifically, the IT device segment-monitors, laptops, and tablets-represented a significant 35 percent of revenue in Q1 2025, and the mobile/other segment was 34 percent. The automotive panel business, though smaller at 9 percent of revenue in Q1 2025, is a key area for future growth, suggesting dedicated management focus there too.

Strong, long-term partnership-based relationships with key customers

The evidence of strong, long-term ties shows up in shipment growth and exclusivity. LG Display Co., Ltd. (LPL)'s small mobile panel shipments grew by over 20 percent year-on-year in the first half of 2025, which management explicitly credits to strong customer partnerships. The most concrete example of a deep relationship is with Apple; LG Display Co., Ltd. (LPL) confirmed it is the exclusive supplier of wearable AMOLED displays to Apple. This relationship is deepening, as Apple OLED panel orders grew from 21.3 percent of LG Display Co., Ltd. (LPL)'s revenue in Q2'2025 to 30.3 percent in Q3'2025. The company forecasts shipping over 75.1 million units in 2025, with 45.6 million panels dedicated to the iPhone 17 series.

LG Display Co., Ltd. (LPL) emphasizes these relationships to drive its OLED-centric strategy. Here's a snapshot of where the revenue was coming from in Q1 2025:

Co-development and customization of display specifications for premium products

The shift to high-value OLEDs necessitates deep engineering collaboration. LG Display Co., Ltd. (LPL) plans to expand its portfolio of differentiated products-like 4th-generation OLED TV panels and gaming monitors-through close collaboration with global customers. This involves leveraging its technological leadership, especially in Tandem OLED, to offer optimized products tailored to customer needs in each product segment. The company's Q3 2025 operating profit of KRW 431 billion was supported by the expanded OLED shipments across all segments.

Key technological advancements driving co-development include:

• Deployment of Tandem OLED technology.
• Achieving a peak brightness of 3,000 nits with a four-stack structure.
• Forecasting a 70 percent revenue increase in Q3'2025 from Q2'2025, partly due to this technology pipeline.

Direct sales and technical support model

The model relies on a direct approach to ensure the premium OLED products meet the stringent requirements of top-tier OEMs. LG Display Co., Ltd. (LPL) focuses on enhancing key competitiveness factors like quality and cost, backed by stable supply capabilities, particularly for mobile OLEDs. The overall strategy is to continuously pursue actual demand-linked operational strategies to achieve qualitative growth that enhances profitability. This requires robust technical support to integrate these advanced displays, like the ones for high-end tablets and the anticipated OLED shift in notebooks, into final products. The company's Q3 2025 revenue was KRW 6.957 trillion, with an ASP per square meter reaching an all-time high of $1,365, up 29 percent Q-o-Q, driven by high-demand OLED products.

Finance: draft 13-week cash view by Friday.

LG Display Co., Ltd. (LPL) - Canvas Business Model: Channels

You're looking at how LG Display Co., Ltd. (LPL) gets its premium panels into the hands of global manufacturers as of late 2025. The channels are heavily weighted toward large, direct B2B relationships, which makes sense given the nature of display manufacturing.

Direct sales force and B2B contract fulfillment to global OEM customers

The core of LG Display Co., Ltd. (LPL)'s channel strategy relies on securing high-volume, long-term contracts with major Original Equipment Manufacturers (OEMs). This is where the real revenue stability comes from, especially with the company's pivot to OLED. For instance, LG Display Co., Ltd. (LPL) is the exclusive supplier of wearable AMOLED displays to Apple. Looking at the order book, Apple's share of LG Display Co., Ltd. (LPL)'s total orders grew from 21.3% in the second quarter of 2025 to 30.3% in the third quarter of 2025. You can see the direct impact of this B2B relationship; LG Display Co., Ltd. (LPL) forecasts shipping over 75.1 million units to Apple in 2025, with 45.6 million panels specifically allocated for the iPhone 17 series. This direct fulfillment model minimizes channel conflict and maximizes volume commitment.

The overall revenue mix in the third quarter of 2025 clearly shows the dominance of IT and mobile segments, which are driven by these OEM contracts:

Direct shipment from manufacturing facilities in South Korea and China

Shipments flow directly from LG Display Co., Ltd. (LPL)'s primary manufacturing hubs. Following the sale of its large-format LCD plant in Guangzhou, China, the focus has consolidated. The Paju production complex in South Korea remains central, manufacturing large, medium, and small format OLED panels. To manage the shift to high-value OLED, the Paju panel production lines are undergoing transitions, like to LTPO technology, which causes temporary capacity adjustments. Still, the utilization rate for the 8-Gen substrates at Paju was around 75% in 2025, using approximately 135,000 out of a total capacity of 180,000 substrates per month. For large-area OLED TV panels specifically, LG Display Co., Ltd. (LPL) aimed to ship around 6 million units in 2025, with analysts expecting total WOLED panel shipments for the year to hit about 6.5 million units.

The company's operational efficiency is reflected in its revenue composition, with OLED products driving the core business:

• OLED products accounted for 65% of total revenues in Q3 2025, the highest proportion to date.
• The cumulative results for the first three quarters of 2025 reached KRW 18.6 trillion in revenues.
• A significant portion of the capital expenditure, KRW 700 billion, is being invested into the Paju plant for next-generation OLED panel upgrades.

Regional sales offices for localized customer support and logistics

While the primary sales are direct B2B, localized support and logistics are managed through regional structures, often aligned with the broader LG Electronics framework. This ensures that global customers receive region-specific service and supply chain management. For example, in North America, Kwack Do-yeong was appointed Region Representative of LG Electronics North America and head of LG Electronics USA, indicating a dedicated, high-level regional sales leadership presence. Furthermore, the strategy involves hastening the establishment of a localized, end-to-end business structure encompassing R&D, production, sales, and maintenance in key markets. This localized approach supports the direct sales force by handling regional logistics and post-sale support requirements for the high-value displays being shipped.

LG Display Co., Ltd. (LPL) - Canvas Business Model: Customer Segments

You're looking at the core buyers for LG Display Co., Ltd. (LPL) as of late 2025. The focus has clearly shifted to OLED, which drove 65% of total revenues in the third quarter of 2025, up from 55% in the first quarter of 2025. This shift directly impacts who is buying what.

The customer base is segmented across four primary areas, with the revenue mix showing clear movement throughout the year:

The IT segment, encompassing high-end IT product manufacturers, saw its revenue share peak at 42% in the second quarter before settling at 37% in Q3 2025. This growth is fueled by premium adoption.

Here's a closer look at the key customer groups and the associated volume data for 2025:

• Global premium smartphone and tablet OEMs (e.g., Apple):
• LG Display Co., Ltd. forecasts shipping over 75.1 million panels to Apple in 2025, up from 67.5 million in 2024.
• The iPhone 17 series is expected to utilize 45.6 million panels from LG Display Co., Ltd.
• LG Display Co., Ltd.'s shipment share for iPhone panels was projected to rise to 30.3% in Q3'2025 from 21.3% in Q2'2025.
• Confirmed as the exclusive supplier of wearable AMOLED displays to Apple.
• Premium TV manufacturers for large-sized OLED panels:
• Aim to ship around 6 million large-area WOLED TV panels in 2025.
• Analysts project total large-area WOLED panel shipments for 2025 to reach approximately 6.5 million units.
• LG Display Co., Ltd. capacity utilization for 8-Gen substrates in 2025 is around 75% of 180,000 substrates per month.
• Automotive manufacturers (Tier 1 suppliers and OEMs) for in-car displays:
• Automotive OLED panel shipments for Q1 2025 reached 810,000 units, a threefold increase from Q1 2024's 270,000 units.
• The full-year 2025 shipment forecast for automotive OLED panels stands at 3 million units.
• High-end IT product manufacturers (laptops, monitors, wearables):
• OLED notebook PC panel shipments are forecast to increase by 45.9% YoY in 2025, reaching 14.3 million units.
• LG Display Co., Ltd. is increasing its notebook PC OLED shipments by 149.0% YoY in 2025, largely due to demand from Dell.
• OLED monitor panel shipments are forecast to increase by 57.5% YoY in 2025.

For small-area mobile AMOLED panels, LG Display Co., Ltd. reported a 20% increase in shipments in the first half of 2025. The company's cumulative revenues for the first three quarters of 2025 reached KRW 18.6 trillion.

LG Display Co., Ltd. (LPL) - Canvas Business Model: Cost Structure

The Cost Structure for LG Display Co., Ltd. (LPL) is heavily weighted toward capital deployment and technology maintenance, reflecting its position in the high-tech display manufacturing sector.

High fixed costs are inherent due to the capital-intensive manufacturing processes required for advanced display panels, leading to significant depreciation charges on massive fabrication facilities.

Maintaining technological superiority, particularly in OLED, necessitates significant R&D expenditure to secure future product pipelines and fend off competition.

The scale of operations results in substantial Cost of Revenue. The trailing Cost of Revenue was an estimated $17.24 billion.

Financing costs are a notable component, with the total debt level being a key driver of interest expense. As of Q3 2025, the total debt stood at approximately KRW 13.5 trillion.

The actual reported Interest Expense for the third quarter of 2025 was (KRW 166,662 million).

Capital investment remains a focus for future readiness, with Investment Spending (CapEx) for 2025 expected to be around the mid- to low KRW 2 trillion range, in line with earlier guidance.

Here's a quick look at some of the key cost-related financial metrics as of late 2025:

The company continues to pursue structural cost innovation to improve profitability, which includes rationalizing the product lineup by reducing the proportion of low margin products.

• Focus on structural cost innovation to improve fundamentals.
• Ongoing efforts to enhance operational efficiency.
• Investment decisions are being made with profitability as the top priority.

LG Display Co., Ltd. (LPL) - Canvas Business Model: Revenue Streams

You're looking at the engine room of LG Display Co., Ltd. (LPL)'s current financial structure, focusing strictly on where the money came in through the third quarter of 2025. Honestly, the story here is the pivot; it's all about OLED now.

For the three months ending September 30, 2025, LG Display Co., Ltd. (LPL) booked total revenues of KRW 6.957 trillion. This represented a solid sequential jump of 25% over the second quarter of 2025, showing real momentum building in the second half of the year.

The primary driver for this revenue is definitely the shift to Organic Light-Emitting Diode (OLED) technology. Sales of OLED panels constituted a record 65% of that total Q3 2025 revenue. This strategic focus is making a visible difference; the company's cumulative operating profit up to Q3 2025 reached KRW 348.5 billion, signaling a clear path toward an annual return to profit for the first time in four years. The Q3 operating profit itself was KRW 431 billion.

To give you a clearer picture of that KRW 6.957 trillion in Q3 2025 revenue, here's how the product mix broke down by revenue share:

The remaining portion of revenue, which includes sales of LCD panels, is now primarily concentrated in high-end and B2B applications, as the company has been actively phasing out the lower-margin LCD TV business. This strategic pruning is key to the improved profitability you see in the operating numbers.

Also contributing significantly are revenue streams from small- and medium-sized displays, which are benefiting from new product cycles. For instance, shipments of small-area mobile AMOLED panels saw an increase of 20% in the first half of 2025 alone, supported by strong customer partnerships, including being the exclusive supplier of wearable AMOLED displays to Apple. That's where the growth in the 39% Mobile and Other Devices segment is coming from.

The company is definitely leaning into premium products to secure these revenue streams. They plan to continue expanding the sales of premium OLED products going into Q4 2025.