Stock prices of flexible display manufacturers like BOE Technology Group Co., Ltd., display maker TCL Corporation and others soared to daily limits these two days.
Notably, the stocks turnover of BOE, a Chinese company who makes displays and sensor products, amounted to 12 billion yuan (1.77 billion U.S. dollars) as of midday Thursday.
Chinese securities analysts said the stock price surges were due to the upcoming launch of folding mobile phones by Samsung, Huawei and among others.
Samsung announced to roll out the first version of folding mobile phone by February 20, followed by Huawei, who will also launch the first folding mobile phone on February 24.
BOE has made significant breakthroughs in flexible Active matrix organic light-emitting diode(AMOLED) display as of now.
The market scale for flexible AMOLED displays will grow at around 20 percent annually from 58 billion yuan (8.57 billion U.S. dollars) in 2017 to 99 billion yuan (14.62 billion U.S. dollars) in 2020, as projected by global consulting firm IHS.
CITIC Securities predicted the production of such folding mobile phones would reach over one million units in 2019 and the current problem might still be the relatively higher retail prices compared with traditional handsets.
Apart from convenient features, folding mobile phones normally have higher image resolution and more colorful displays.
Some analysts argued that foldable display will be a blockbuster in mobile phone industry as well as in other wearable equipment. Huawei announced to launch its first 5G mobile phone on February 24 this year equipped with foldable displays.
Notably, the stocks turnover of BOE, a Chinese company who makes displays and sensor products, amounted to 12 billion yuan (1.77 billion U.S. dollars) as of midday Thursday.
Chinese securities analysts said the stock price surges were due to the upcoming launch of folding mobile phones by Samsung, Huawei and among others.
Samsung announced to roll out the first version of folding mobile phone by February 20, followed by Huawei, who will also launch the first folding mobile phone on February 24.
BOE has made significant breakthroughs in flexible Active matrix organic light-emitting diode(AMOLED) display as of now.
The market scale for flexible AMOLED displays will grow at around 20 percent annually from 58 billion yuan (8.57 billion U.S. dollars) in 2017 to 99 billion yuan (14.62 billion U.S. dollars) in 2020, as projected by global consulting firm IHS.
CITIC Securities predicted the production of such folding mobile phones would reach over one million units in 2019 and the current problem might still be the relatively higher retail prices compared with traditional handsets.
Apart from convenient features, folding mobile phones normally have higher image resolution and more colorful displays.
Some analysts argued that foldable display will be a blockbuster in mobile phone industry as well as in other wearable equipment. Huawei announced to launch its first 5G mobile phone on February 24 this year equipped with foldable displays.
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