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Taiwanese Flat Panel Maker’s Revenue Down Again November
December 17, 2018 New business models cannot come fast enough as AUO and Innolux continued their decreased sales and shipments in large area and small/medium displays in November. Having reported decreased sales for November, most Taiwan-based flat panel makers are expected to see their revenues continue to drift downward in December due to dwindling demand and falling panel prices, according to industry sources. The pace of decline for panel prices has become more evident since November reflecting the end of seasonal demand, said the sources. Additionally, lackluster TV sales during the recent Double-11 shopping festival in China is likely to further undermine demand for TV panels from TV vendors. Online TV sales during this year's Double-11 festival totaled 2.6 million units totaling CNY6.4 billion (US$929 million), down 10% and 22%, respectively from a year earlier, according to China-based All View Consulting (AVC). Besides, offline sales were also down 5% in unit sales and 8% in sales value. Prices For in first half of December,
AUO has announced its consolidated revenues for November reached NT$25.75 billion (US$834.69 million), down by 2.8% sequentially and 6.0% Y/Y. Year-to-date revenues totaled NT$282.78 billion, decreasing 10.2% Y/Y. Innolux saw its revenues decrease 4.4% sequentially and 12.9% Y/Y to NT$23.8 billion in November, affected by reduction in panel prices and seasonality, the company said. The company's shipments of large-size panels totaled 10.89 million units, up 3% sequentially; those of small- to medium-size panels reached 17.46 million units, down 11.7% sequentially. For the first 11 months of 2018, revenues amounted to NT$255.84 billion, down 15.3% Y/Y. HannStar Display saw significant setbacks in their November sales due to weak demand for small- to medium-size panels from the handset sector. HannStar Display saw its revenues ebb 16.3% sequentially to NT$1.116 billion in November, although small- to medium-size panel shipments edged up 11.7% sequentially to 52.77 million units and large-size panel and own-brand panel shipments surged 140.9% sequentially to 109,000 units. |
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