The last quarter was for the best AUO first quarter of the year over the past nine years
Taiwanese company AU Optronics (AUO), specializing in the production of LCD panels and OLED panels, has published a report for the last quarter. According to the management of AUO, he’s the best first quarter of the year over the past nine years. This is largely due to higher prices for television panels, which for the year exceeded 20%.
Income for the reporting period amounted to 2,935 billion. AUO’s net profit for the three months exceeded 314 million dollars more than in the previous quarter, in which there is usually a seasonal rise in demand. A year ago, AUO altogether concluded the first quarter losses.
The manufacturer expects shipments of panels in the current quarter will be reduced somewhat in quantitative terms, as an increasing share of larger models and permissions, such as 55-inch 4K panel.
In addition, AUO notes the increasing range of customers of OLED panels and increase production. In the second half the company expects to increase monthly shipments of OLED panels up to 1 million pieces. Specify that we are talking about the panels for wearable electronic devices.
Source: AOU, Taipei Times