Taiwan-based Innolux Corp (群創光電) remained the largest LCD panel supplier to Chinese TV brands in October, thanks to adjustments in its product sizes, according to a research report from NPD DisplaySearch released on Thursday.
The market advisory firm found that global LCD TV panel shipments to Chinese TV makers grew 3 percent month-on-month to 5.75 million units in October, which beat its previous estimate of a 7 percent monthly decline.
Shipments were forecast to hit a full-year high of 6.54 million units last month, when most Chinese TV manufacturers increased their inventories to prepare for the year-end holiday season.
The figure is expected to slide 7.5 percent to 6.05 million units this month and to 4.79 million units next month, NPD DisplaySearch said.
Strong demand from Chinese TV brands would boost this quarter’s total shipments by nearly 15 percent sequentially to 18.34 million units from last quarter’s 15.95 million units, the researcher added.
Innolux grabbed the largest share of the Chinese LCD TV panel market in October, as the company adjusted its product portfolio to new sizes, such as 40-inch, while increasing its shipments of ultra-high resolution 4K2K LCD TV panels, NPD DisplaySearch said.
Chinese player Shenzhen China Star Optoelectronics Technology Co (華星光電) and South Korea’s LG Display Co came in second and third respectively, followed by BOE Technology Group Co (京東方) of China, AU Optronics Corp (友達光電) of Taiwan and Samsung Display of South Korea, the report said.
Innolux reported a net income of NT$685 million (US$23 million) for the July to September quarter, or NT$0.08 per share, showing a decrease of 83 percent from the previous three months.
The Miaoli-based company said it expected its large-sized panel shipments to drop by 6 to 9 percent sequentially in the fourth quarter, with small and medium-sized panel shipments projected to decline by 3 to 5 percent.