Q321 AUO/Innolux Profit Greater than Cumulative Profit for the Past 3 Years, but Danger Lurks …
AUO announced Q321 revenue of $3.56b up 35% Y/Y with GP of $0.98b up 670% Y/Y. The firm’s guidance for Q421 calls for low single-digit decline in shipments (surface area) and mid-single digit declines in blended ASP. Figure 1: AUO Area Shipments and Blended ASP—Q1-13 to Q3-21 – Source: Company Data/Mizhuo The large area LCD … Read more