Market research firm DisplaySearch reports today that it expects demand for televisions to fall. Their report notes that “Although total TV unit demand for 2011 looks to be flat, shipments of flat panel TVs, which excludes CRT and rear projection technologies, will increase about 6% Y/Y. This growth looks likely to improve to 9% in 2012, as the premium for advanced features continues to fall and manufacturers bring low-cost solutions to emerging markets in an effort to spur faster replacement of CRT TVs.”
This forecast of little growth obviously affects a number of companies that manufacture flatpanel displays. Following is some stock price performance for these companies:
- Corning, Inc. (NYSE:GLW): The shares recently traded at $13.85, up $0.12, or 0.87%, on the day. The shares have traded in a 52-week range of $11.51 to $23.43 and its market capitalization is $21.76 billion. About the company: Corning Incorporated is a global, technology-based company. The Company produces optical fiber, cable, and photonic components for the telecommunications industry, as well as manufactures glass panels, funnels, liquid crystal display glass and projection video lens assemblies for the information display industry.
- AU Optronics Corp. (NYSE:AUO): The shares recently traded at $4.23, up $0.03, or 0.72%, on the day. The shares have traded in a 52-week range of $3.75 to $10.54 and its market capitalization is $3.73 billion. About the company: AU Optronics Corp. manufactures and markets thin film transistor-liquid crystal displays and plasma display panels. The Company sells its products in Taiwan and exports worldwide.
- LG Display Co. Ltd. (NYSE:LPL): The shares recently traded at $9.13, down $0.16, or 1.72%, on the day. The shares have traded in a 52-week range of $7.38 to $18.92 and its market capitalization is $6.53 billion. About the company: LG Display Company, Ltd. develops and manufactures digital display products. The Company’s products include thin film transistor-liquid crystal displays for notebook and desktop computer monitors, TVs, and mobile phones. LG Display provides its products to overseas and domestic markets.
- NXP Semiconductors NV (NASDAQ:NXPI): The shares recently traded at $16.17, down $0.04, or 0.27%, on the day. The shares have traded in a 52-week range of $11.52 to $35.32 and its market capitalization is $4.05 billion. About the company: NXP Semiconductors NV operates as a global semiconductor company. The Company designs semiconductors and software for mobile communications, consumer electronics, security applications, in-car entertainment, and networking.
(Note: Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)