Universal Display's Advancements in OLED Technology and Expected Growth in 2024
Blue light is a massive challenge
Universal Display (UDC from here on) is best known as a technology developer and patent holder for all sorts of technologies used in OLED display manufacturing.
To date, much of the OLED market is made up of high-end smartphones. As a result, it's been a tough five years for UDC shareholders.
Gearing up for a new growth cycle
Consumer electronics (smartphones in particular) are stabilizing after a year and a half of downturn, which bodes well for UDC. And feathering in the new revenue stream from blue display elements has management forecasting anywhere from 9% to 17% total revenue growth in 2024.
This could be huge for UDC.Even as it has dealt with the consumer electronics downturn, plus invested in lots of research and development, the business has been cranking out operating profit margins near 40%.- UDC sticks to tech breakthroughs in OLED display tech
- Blue phosphorescent material set to boost financials in 2024
- Potential growth markets for OLEDs by 2030
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.