Innolux Reports Sequential Revenue Gains For June

Shenzhen IBR Electronics Co.,Ltd | Updated: Jul 12, 2018

 LCD panel maker Innolux has announced consolidated revenues of NT$24.8 billion (US$816.6 million) for June 2018, up 12.6% on month but down 11.7% on year.

In June, shipments of large-size panels reached 11.67 million units, up 4.1% sequentially; shipments of small- to medium-size panels totaled 23.98 million units, up 6.8% on month.

For the second quarter of 2018, revenues amounted to NT$66.5 billion, down 0.4% on quarter and 21.4% on year. Shipments of large-size panels were up 14% sequentially to 31.99 million units in the quarter, while those of small- to medium-size applications were down 0.4% to 68.28 million units.

Having already raised its quotes for the mainstream TV panel size segments, Innolux expects demand for small- to medium-size panels to rebound in the third quarter, ending the downward spiral of panel prices.

Meanwhile, WitsView also reported that some panel makers have raised their July quotes for 32-inch TV panels by US$3 per unit reflecting peak-season demand. Propelled by the upturn in the prices of 32-inch panels, quotes for 40- to 43-inch panels are likely to stay flat or edge up slightly in the near term, while prices for 55-inch models will stabilize in August, said the market research firm.

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