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.
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