AUO expects revenues to hike in 4Q12

AUO expects revenues to hike in 4Q12
Sammi Huang, Taipei; Alex Wolfgram, DIGITIMES [Friday 7 September 2012]

AU Optronics (AUO) is expected to see its revenue hike in the fourth quarter due to increased orders in the third quarter for small-sized AMOLED panels, large-sized LCD TV panels and panels for Apple’s reportedly soon-to-be released 7.85-inch iPad, according to industry sources.

The AMOLED panels are rumored to be for Taiwan-based handset vendor HTC and will be produced on AUO’s 3.5G line is reportedly able to produce 7,000 glass substrates a month, said the sources. AUO might also provide panels for Sony later in the year, added the sources.

AUO has also reportedly received six times the amount of orders for LCD TV panels from Sony. AUO received a monthly amount of 100,000 LCD TV panel orders from Sony in the first half of the year, but that number has jumped to 600,000 due to AUO being proactive in obtaining TV panel orders for new Sony TV models, said the sources.

Additionally, AUO obtained orders for Apple’s soon-to-be released 7.85-inch iPad, according to a Chinese-language Economic Daily News (EDN) report back in March. Additionally, Digitimes’ sources said recently that AUO will start receiving increased orders in September for a smaller version iPad, giving AUO order visibility for tablet panel orders until the end of the year.

Sources said they expect AUO to have a profitable fourth quarter and that the company’s revenues during the period will help make up for the losses the company has accumulated over the last seven consecutive quarters.

http://www.digitimes.com/news/a20120906PD220.html

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