Nov. 19, 2013, 8:29 AM
- In spite of rough reviews, Samsung (SSNLF, SSNGY) says sales of its $299 Galaxy Gear smartwatch have topped 800K, exceeding internal expectations. However, it's worth noting Samsung typically measures sales based on sell-in to retailers/distributors, rather than sell-through to consumers.
- Compared with Samsung's mobile phone sales, Gear shipments are still a drop in the ocean. IDC estimates Samsung shipped 115.4M phones in Q3 (24.7% share), of which 81.2M were smartphones (31.4% share).
- Separately, a Samsung patent filing has been made public that depicts a "bended display" wrapping around a phone's side. Samsung argues such a display, which might be included in a phone launching 2H14, would make it easier to read information at an angle, as well as provide more screen real estate.
- With the company's efforts to differentiate via software clearly a work in progress (in spite of big investments), Samsung continues to invest heavily maintaining a display tech edge. In addition to wrap-around displays, the company is working on foldable and ultra-high-res displays.
- Whereas its current phone display resolutions top out at 1080p, Samsung wants to launch phones with 2560x1440 displays in 2014, and 4K (3840x2160) displays in 2015. Many are skeptical about the value of having such resolutions on a 5"-6" display, but if Samsung goes through with its plans, it should be a positive for Universal Display (OLED), given more of its OLED materials will be needed to support higher resolutions.
Nov. 8, 2013, 12:53 PM
Nov. 8, 2013, 9:22 AM
Nov. 7, 2013, 5:53 PM
- In addition to soundly beating Q3 estimates, Universal Display (OLED) is now guiding for 2013 revenue of $142M-$144M, well above a $128.1M consensus.
- Q3 materials sales totaled $30.3M, +12% Q/Q and +176% Y/Y. Green host and emitter sales, which were also up strongly in Q2, are said to be responsible for the growth. Samsung has been making heavy use of OLED's green host/emitter materials in its high-end smartphones.
- With Samsung's license payments taking place in Q2 and Q4 ($20M in each quarter), royalty/license revenue was only $1.5M, up from $0.4M a year ago.
- Materials gross margin (closely watched) was 67.7%, down from 69.4% in Q2 and 90% a year ago. R&D spend -4% Y/Y to $7.9M, SG&A +22% to $6.4M.
Nov. 7, 2013, 5:40 PM
Nov. 7, 2013, 5:11 PM| 1 Comment
Nov. 7, 2013, 12:10 AM
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Nov. 6, 2013, 5:35 PM
- ADES, ADUS, AIRM, AL, ALJ, ANAC, ARAY, AREX, ARNA, ATLS, ATW, AUQ, AVG, BCEI, BEBE, BIO, BNNY, BPZ, CFN, CLNE, CUBE, DAR, DIS, DMD, EAC,EBS, ECPG, ELON, ENOC, EZPW, FEYE, FF, FUEL, FXEN, GERN, GRPN, GXP, HTGC, IL, KRO, KTOS, LCI, LFVN, MCP, MDRX, MITK, MNST, MNTX, MSCC, NES,NFG, NKTR, NOG, NVDA, OCLR, OLED, PCLN, PEGA, PODD, RNDY, SF, SGMS, SLXP, SNTS, SQNM, SWIR, TSRO, TUMI, UBNT, UNXL, VVC, WIFI, WR, WTR, XNPT,XTEX, YRCW
Oct. 31, 2013, 5:33 PM
- The Japanese IP High Court has reversed the Japanese Patent Office's invalidation of the broad claims in a Universal Display (OLED) patent. The JPO will now take a second look at the matter. (PR)
- Universal asserts the patent in question is one of 60+ covering "four early fundamental phosphorescent OLED inventions." The high court's ruling comes two weeks after Universal announced the EPO had affirmed "the basic inventions and broad patent coverage" of a patent being challenged by Sumitomo, Merck, and BASF, albeit while narrowing the scope of the original claims.
Oct. 17, 2013, 10:52 AM
- TheStreetSweeper on Twitter: "TheStreetSweeper announces new short position in $OLED and imminent release of its next report on a brand-new company today."
- Universal Display (OLED -3.3%) has fallen in response to the disclosure. TheStreetSweeper took aim at the company back in 2011, criticizing insider selling and the terms of the Samsung deal (among other things).
Oct. 7, 2013, 11:17 AM
- Samsung (SSNLF.PK, SSNGY.OB), by far Universal Display's (OLED +3.7%) largest customer, says it has begun mass-producing a 5.7" 1080p flexible OLED panel, and soon plans to launch a phone that makes use of them. A variant of the Galaxy Note 3 (has a 5.7" 1080p display) is a good possibility.
- OLED-Info.com estimates the manufacturing line being used by Samsung can produce a few hundred thousand flexible 5.7" panels per month.
- Meanwhile, LG Display (LPL -0.9%) says it will start mass-production of a 6" curved OLED, while deeming it "the world’s first flexible OLED panel for smartphones." A source tells Reuters LG Electronics (LGEIY.OB) will use the panels to launch an expected curved display phone next month.
Oct. 1, 2013, 2:27 PM
- The Verge's Vlad Savov gives Samsung's (SSNLF.PK, SSNGY.OB) $299 Galaxy Gear smartwatch a score of just 4.0/10. He likes the device's display, voice calling abilities, and camera, but not much else. The Gear is deemed too dependent on paired smartphones, and its battery life (one day under normal use) too short. In addition, its notifications are called "uninformative;" and its apps "buggy or substandard."
- Savov: "A smartwatch the Galaxy Gear is not. Frankly, I’m not sure exactly what it’s supposed to be."
- Engadget's Brad Molen is a little more positive. He calls the Gear comfortable to wear and its performance adequate, but is just as critical of its notifications, and doesn't like the lack of touchless controls. "The Galaxy Gear is a solid effort from Samsung, but it needs time to grow and develop." AnandTech's Brian Klug reaches a similar conclusion.
- Meanwhile, a Korean site reports Apple's (AAPL +2.2%) much-rumored iWatch will feature a flexible OLED display, and that Apple is working on 1.3", 1.4", and 1.5" prototypes. The 1.5" prototype has reportedly "already been made." The Gear has a rigid 1.6" OLED display.
- The report is a bit of good news for Universal Display (OLED -6.7%), currently selling off thanks to a Canaccord downgrade.
- The FT reported in July Apple's iWatch hiring activity is picking up, and points to a 2H14 launch.
Oct. 1, 2013, 9:21 AM
- Canaccord's Jonathan Dorsheimer has downgraded Universal Display (OLED) to Sell and lowered his PT to $19 from $30. Most importantly, he says checks indicate Samsung Display and LG Display (LPL) have in-house R&D programs to create their own phosphorescent OLED materials. He thinks production could begin after Universal patents expire in 2017.
- Dorsheimer is also concerned about OLED TV push-outs.
- Samsung recently bought OLED materials provider Novaled. Universal shares dove when the deal was first reported, but recouped some of their losses after analysts argued Novaled's materials are complementary.
- OLED -7.6% premarket.
Sep. 25, 2013, 12:58 PM
- The Samsung Solutions Exchange (SSNLF.PK, SSNGY.OB), announced this morning, represents the electronics giant's biggest effort yet to grow its enterprise mobile clout, and in doing so become a little less dependent on Google.
- The exchange serves as an app store for enterprise-specific apps, provides access to Samsung's enterprise SDK and 1K+ APIs, and acts as a meeting place for developers and businesses. It complements Samsung's SAFE initiative, which provides the company's Android hardware with a variety of security, device management, and data-syncing features.
- Though Android's smartphone unit share is now over 5x that of the iPhone's, iOS has been faring better in the enterprise, thanks to both demographics and Android security concerns.
- Separately, Samsung announces it will launch a phone with a curved display next month in South Korea. Details are currently light, but there's a good chance the phone will use Universal Display's (OLED +1.1%) flexible OLED tech.
- Also: Samsung says it has developed image sensor tech that significantly improves the light sensitivity and color fidelity of its CMOS image sensors. The technology, known as Isocell, will be used in an 8MP sensor set to be mass-produced in Q4.
- Isocell could make Samsung a tougher competitor to OmniVision (OVTI +0.9%). However, Samsung's rivals might not be crazy about depending on the company for their image sensor needs.
Sep. 24, 2013, 1:32 PM
- Samsung Display and LG Display (LPL +2.1%) have settled their contentious legal battle, which resulted in multiple display patent lawsuits and accusations of trade secret theft.
- Samsung says it has "come to an agreement with LG Display to focus on finding ways to cooperate on patent matters though discussions, and to immediately drop lawsuits" related to LCD and OLED IP.
- The settlement is an incremental positive for Universal Display (OLED +0.8%), which counts both companies as licensees (but currently gets far more revenue from Samsung). In addition to standard mobile OLED displays, both Samsung and LG are working on flexible OLEDs and OLED TV displays.
- Samsung Display was spun off from Samsung Electronics in 2012.
Sep. 12, 2013, 12:45 PM
OLED vs. ETF Alternatives
Universal Display Corp is engaged in the research, development & commercialization of organic light emitting diode or OLED, technologies & materialsfor use in displays for wearables, smartphones, tablets & televisions & solid-state lighting applications.
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