Innolux Achieves 18% YoY Sales Growth

Innolux announced sales in October of NT$38.3 billion ($1.2 billion), broadly flat sequentially but 18.2% higher than October 2013, bringing sales to date to NT$352 billion ($11.5 billion). The company shipped approximately 12.1 million large panels, a decrease of 4.5% MoM, while small and medium size panel shipments increased 1.1% sequentially to 25.9 million units. Despite the slight MoM fall in sales, Innolux said that the worldwide flat panel market is healthy and that a supply shortage is expected to continue until the end of the year. Demand for tablets is also expected to remain solid in Q4, though notebook demand could weaken.