What They Say
AUO and Innolux reported their results for July and are both suffering. AUO saw sales of $581 million, down 15.8% from June and 47.7% down year on year. Area was down 17.9% month on month.
Innolux was down at $525 million down 18.3% from June and down by 51.1% YoY. Sales volume for large displays were down by 26.2% from June to 8.25 million with small and medium units down 24.4% to 22.97 million.
What We Think
Oh, dear. What a horrible time to be in the LCD business. (BR)
