Digitimes Research: China panel makers lead in net profits
Tony Huang, DIGITIMES Research, Taipei [Monday 12 May 2014]
BOE and China Star Optoelectronics Technology (CSOT) both have reported more than 8% in net profits in the first quarter of 2014, beating out Korea- and Taiwan-based panel makers, including Samsung Display, LG Display, Innolux and AU Optronics (AUO), according to Digitimes Research.
Both Korea and Taiwan panel makers suffered from decreased tablet panel shipments during the quarter due to the traditional off season while China makers continued to secure orders and expand overall panel production.
BOE's and CSOT's net profits grew 31% and 114% on year in 2013, respectively, and are expected to continue growing in 2014, bringing competition to the forefront against Taiwan and Korea makers, added Digitimes Research.
Content from this blog post was provided by the Digitimes Research Tracking team, which focuses on shipment data and market trends in the global mobile device supply chain. Digitimes Research provides quarterly tracking services for market sectors such as Global Tablet, China Smartphone, China Smartphone AP, China Touch Panel, Taiwan ICT and Taiwan FPD. Click here for more information about Digitimes Research Tracking services.