CINNO Research: Smartphone panel prices remain stable ahead of the Spring Festival.

CINNO Research published an article stating that the smartphone panel market in 2024 experienced significant price fluctuations, with LCD and AMOLED panel technologies showing different development trends. Overall, the price of LCD smartphone panels experienced a continuous decline from January to September, with a decrease in the fourth quarter and a tendency towards stability, with a cumulative decrease of 10.4% for a-Si/LTPS panels; at the same time, AMOLED panels continued to rise in the first half of the year, with a price increase in the second half after a rise in rigid AMOLED panels, with a cumulative increase of 10.0%, while flexible AMOLED panels saw a price decline after a period of price hikes, with a cumulative decrease of 5.9%. As the Spring Festival approaches in January 2025, the prices of various technology panels for mobile phones remain stable. a-Si: The overall demand for a-Si panels in January remains high, with panel prices remaining stable. However, with the large influx of production capacity from the G8.6 lines of CSOT/Tianma, market supply increases and competition intensifies, and the prices of new products to be mass-produced are expected to be slightly lower than now; LTPS: LTPS lines benefit from the gradual implementation of new energy vehicle subsidy policies in various places, leading to an increase in upstream car panel demand, with some major production lines operating at full capacity, with LTPS panel prices temporarily stopping their decline, but panel demand for mobile phone applications remains sluggish, and LTPS panel prices may still face slight downward pressure in the future; AMOLED: Rigid AMOLED panel prices remain stable; flexible AMOLED panel brand demand peaks in December, with major production lines operating at full capacity, and although demand cools slightly in January, flexible AMOLED panel prices are expected to remain stable; CINNO Research predicts that the existing project prices of a-Si panels in January and February 2025 will remain at a low level and will not decrease further; LTPS panel prices will stop falling in the short term; and the prices of rigid and flexible AMOLED panels will remain stable. CINNO Research's chief analyst Zhou Hua said, "The prices of a-Si/LTPS panels decreased by 10.4%/12.1% cumulatively in 2024, while the price of rigid AMOLED panels increased by 10.0% cumulatively, and the price of flexible AMOLED panels decreased by 5.9% cumulatively. In January, the prices of various technology panels for mobile phones remain stable as the Spring Festival approaches."