C = Catalyst for the Stock’s Movement
The big news for Corning is Gorilla Glass 3, which is expected to be released at the International Consumer Electronics Show in Las Vegas next week. However, we don’t need to wait for it to be released to know the details. Gorilla Glass 3 will be more durable and thinner than previous generations. The glass will be 50 percent stronger than Gorilla Glass 2, which is saying a lot. Gorilla Glass 3 will also possess enhanced scratch resistance and reduced scratch visibility.
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At the current time, the vast majority of Corning’s net income comes from HDTVs. The reason Gorilla Glass 3 is important, and might act as a catalyst, is because Corning is continuously growing in the mobile market. To date, Corning’s display screens have been featured in over 1 billion devices. Amazingly, that number is likely to grow. Corning should benefit most from smartphone growth. Also be on the lookout for Willow Glass in the future, which will be as thin as a sheet of paper.
Let’s take a look at some important numbers for Corning.