Not Only Samsung and LG, but Also BOE and AUO…Panel Profit Plunges due to LCD
Although Samsung and LG both had smooth Q1 2016 for set businesses including TV, display sectors were different. The majority of the industry believes that global oversupply of LCD’s effects was great. Key LCD players in China, who could be seen as responsible for the LCD oversupply, also showed bleak performance.
AU Optronics Corp. Reports First Quarter 2016 Financial Results
AU Optronics Corp. ( AUO ) held its investor conference and announced its unaudited consolidated financial results for the first quarter of 2016.
LG Elec., Premium Focused Strategy Results in Highest Profitability 2016 1Q
LG Electronics Inc. (LG) today announced first-quarter 2016 operating profit of KRW 505.2 billion (USD 420.25 million), a 65.5 percent increase from the same period in 2015 on sales of KRW 13.36 trillion (USD 11.12 billion).
Samsung, Despite the Favorable TV Sales in Q1, Display Still in Deficit
Samsung Elec. today announced financial results for the first quarter ended March 31, 2016. Samsung’s revenue for the quarter was KRW 49.78 trillion, an increase of 5.7 percent YoY, while operating profit for the quarter was KRW 6.68 trillion, an increase of 12 percent YoY. In the company’s earnings guidance disclosed on April 7, 2016, Samsung estimated first quarter consolidated revenues would reach approximately KRW 49.0 trillion with consolidated operating profit of approximately KRW 6.6 trillion.
LGD Records 40 billion KRW Profit Against Expectations…“1 Million OLED TV Panel to be Shipped 2016”
LG Display reported today unaudited earnings results based on consolidated K-IFRS (International Financial Reporting Standards) for the three-month period ending March 31, 2016.
Apple Reports Second Quarter Results
Apple announced financial results for its fiscal 2016 second quarter ended March 26, 2016. The Company posted quarterly revenue of $50.6 billion and quarterly net income of $10.5 billion, or $1.90 per diluted share. These results compare to revenue of $58 billion and net income of $13.6 billion, or $2.33 per diluted share, in the year-ago quarter. Gross margin was 39.4 percent compared to 40.8 percent in the year-ago quarter.
2016 Global OLED Emitting Materials Market to Record $677Mn…94% by Samsung and LG
This year’s global OLED emitting materials market is expected to record US$ 677 million, approximately a 16% increase compared to 2015.
LED Market Revenue ↓ for First Time…2015, $14,300 Mn
Last year, the global LED market recorded its first decrease. This is analyzed to be due to aftermath of price competition. the spread of OLED is also one of the reason.
2016 Apple Watch Shipment to Fall by More than 25%…Watch Market, Below Expectations
With the trend of smartwatch market’s below expectation growth, some believe that this year’s Apple Watch shipment volume will decrease by 25% or more compared to last year.
Apple’s WWDC Kicks Off June 13 in San Francisco
Apple announced that it will hold its 27th annual Worldwide Developers Conference (WWDC), hosting the creative talent behind the world’s most innovative apps, from June 13 through 17 in San Francisco. At WWDC, Apple’s developer community comes together from all corners of the globe to learn about the future of Apple’s four software platforms — iOS, OS X, watchOS and tvOS.
BMW’s Olaf Kastner to Deliver Keynote at CES Asia 2016
The Consumer Technology Association (CTA)™ today announced that Olaf Kastner, president and CEO, BMW Group Region China, will deliver a keynote address at the upcoming CES Asia™ 2016, Asia’s premier technology event. Owned and produced by CTA, and co-produced by Intex Shanghai, the second annual CES Asia will run May 11-13, 2016 in Shanghai, China.
Galaxy S7 and S7 edge Now Available in Pink Gold
Samsung Electronics has released Pink Gold editions of the Galaxy S7 and S7 edge, bringing the total of available colors for the devices to five.
UDC’s 2015 OLED Emitting Materials Revenue $ 113 million, a 11% Decrease…Still Leading Market
UDC (Universal Display) that is dominating the global OLED emitting materials market, recorded 11% reduced OLED emitting materials revenue in 2015 compared to 2014. Despite the decreased revenue, it maintained its top place in the market.
Sharp will release RoBoHoN, a robot-shaped phone
Sharp Corporation will release RoBoHoN, a small and easily portable robot-shaped phone.
Foxconn’s Large Size Panel Yield, Equal to Samsung·LG within 2016
Foxconn is expected to occupy approximately 22% of 2016 Q4 global large size panel yield, similar to the levels of Samsung Display and LG Display.