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Coretronic expects October shipments to slip sequentially
Rebecca Kuo, Tainan; Adam Hwang, DIGITIMES 0

Credit: DIGITIMES

Coretronic expects October shipments for projectors and image devices to decrease about 20% sequentially and those for LED backlight units (BLUs) to slightly decline, according to the company.

However, Coretronic expects shipments for projectors and image devices in 2021 to grow 10-20% on year and those for LED BLUs to rise about 20%.

September sales of NT$2.916 billion (US$105 million) from LED BLUs mainly consisted of NT$883 million for TV and public information display applications, NT$468 million for monitors, NT$1.405 billion for notebooks, and NT$48 million for tablets, Coretronic said.

Coretronic has reported consolidated revenues of NT$4.888 billion for September, the highest monthly level since November 2018 with growth of 18.14% sequentially and 12.83% on year, and those of NT$13.046 billion for third-quarter 2021 increased 11.99% sequentially and 9.26% on year. Consolidated sales reached NT$34.719 billion for January-September, rising 12.20% on year.

Radiant Opto-Electronics shipped 10.486 million LED BLUs in September, falling 5.68% sequentially. The shipments consisted of 5.207 million BLUs used in smartphones, tablets and other hand-held devices, down 12.93% on month; 4.963 million used in notebooks and monitors, up 2.97%; 316,000 in LCD TVs, automotive and other displays, down 0.32%.

Radiant has begun shipping miniLED BLUs for 14- and 16-inch MacBook Pro, according to industry sources.

Radiant has reported consolidated revenues of NT$4.644 billion for September, growing 1.39% sequentially but dropping 14.60% on year, and those of NT$13.744 billion for the third quarter dipped 2.05% sequentially and 12.92% on year. Consolidated sales reached NT$41.843 billion for January-September, rising 5.71% on year.

Coretronic: Shipments and revenues by product line

Product line

Shipment volume (unit)

Sales revenues (NT$b)

Projector, image device

Sep 2021

86,000, up 46% M/M, down 4% Y/Y

1.139, up 8% M/M, down 3% Y/Y

3Q21

215,000, down 3% Q/Q

3.345, up 7.5% Q/Q

Jan-Sep 2021

624,000, up 11% Y/Y

9.365, up 19% Y/Y

LED BLU

Sep 2021

6.265m, up 16% M/M, up 44% Y/Y

2.916, up 20% M/M, up 25% Y/Y

3Q21

16.68m, up 19% Q/Q

7.461, up 28% Q/Q

Jan-Sep 2021

43.25m, up 31% Y/Y

18.404, up 12% Y/Y

Source: Company, compiled by DIGITIMES, October 2021

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