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   Technology StocksOLED Universal Display Corp


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From: slacker7118/5/2021 11:07:20 AM
   of 27443
 
Here is the one negative data point for UDC during the quarter.
I think some of this was due to component shortages and some due to Huawei almost exiting the market. OLED sales should due better than the shipment numbers though as companies used their components for more high-end devices (which usually means OLED's).

digitimes.com

China smartphone vendors see combined shipments fall in 2Q21
Sean Lin, DIGITIMES Research, Taipei
Thursday 5 August 2021

China-based vendors shipped a total of 160 million smartphones worldwide in the second quarter of 2021, down 16.4% sequentially and 3.2% on year. But shipments will rebound to a 14% sequential increase in the third quarter, according to Digitimes Research.

The shipment declines in the second quarter were a result of a sharp smartphone demand deceleration in China and weakening overseas sales amid the lingering COVID-19 pandemic.

With the market entering the traditional peak season and component shortages starting to improve, Chinese vendors will see their combined shipments in the second half grow 7.9% from the first.

Xiaomi, Oppo, and Vivo were not able to maintain their strong shipment momentum from the first quarter to the second quarter, as most of their key markets had experienced a sharp decline in demand. The three vendors together delivered 130 million smartphones in the second quarter, accounting for 64.6% of the overall volumes, lower than the first quarter's 67.5%.

Huawei, which has been cutting smartphone shipments to preserve its 5G AP inventory for other applications, saw its shipments dip below 10 million units for the first time in the second quarter.

Honor, Huawei's spin-off brand division, experienced weak sales in the early second quarter but managed to boost its market recognition with the release of the Honor 50 series that target the mid-range to high-end segment. Although Honor's shipments were up slightly from a quarter ago in the second quarter, the growth was weaker than expected.

Transsion's smartphone business was undermined by the surging COVID-19 infections in key markets such as India, but its shipments did not drop sharply, since its smartphones are mainly targeting the entry-level sector.

Lenovo leapfrogged Huawei to become the fifth-largest Chinese smartphone brand in the second quarter, as North America is its key market and helped the vendor to avoid being undermined by shrinking demand in Asia amid the worsening pandemic there. Lenovo's smartphones sales also benefited from LG Electronics stepping out of the smartphone business.

China-based second-tier brands continued to face on-quarter shipment decline in the second quarter, due to component shortages and increasing costs from the supply.

Xiaomi, Oppo, Vivo, and Transsion will remain the top-4 Chinese brands in the third quarter. Honor will also catch up to Lenovo and become the fifth largest China-based brand.

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To: Dkjunior143 who wrote (26221)8/5/2021 11:59:23 AM
From: Col. Forbin
3 Recommendations   of 27443
 
It's sort of disturbing that I've spent the last decade developing a fear of these earnings calls. Say what you will, but it's a monumental management weakness.

I wish it wasn't so. But here's hoping everything goes smoothly today!

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To: Col. Forbin who wrote (26224)8/5/2021 12:56:36 PM
From: Dkjunior143
1 Recommendation   of 27443
 
Indeed. I appreciate management that does not inappropriately generate hype that results in unjustified, inflated expectations (over promise, under deliver), but they seem to be content being too far on the other end of that spectrum. They're certainly very adept at throwing a wet blanket on things with how they choose to describe or phrase things.

I wish they would spend more time tailoring their message to where they can still be responsible and even a bit conservative if that's what they prefer, but not spook the Market in the process.

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To: Dkjunior143 who wrote (26225)8/5/2021 2:29:47 PM
From: Col. Forbin
3 Recommendations   of 27443
 
You mean like "We expect a very strong year, but prefer to remain conservative for the short term until we have a bit more visibility" ?

lol - I mean, that sure beats any form of "lumpiness". Guess we'll see shortly - good luck to all longs today!

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From: qddb8/5/2021 2:35:36 PM
4 Recommendations   of 27443
 
Yearly Guidance from prior year Q2 releases - a trip down memory lane.
Let's hope for a great quarter, no negative surprises, and just maybe a bump in full-year guidance. Fingers crossed here, good luck to all in a few hours.

2016: 2016 Guidance
While the OLED industry is still at a stage where many variables can have a material impact on its growth, based upon the most recent and best information on hand, the Company believes it is prudent to revise its 2016 revenues guidance. The Company now expects 2016 revenues to be in the range of $190 million to $200 million.

2017: 2017 Guidance

Although the OLED industry is still at an early state where many variables can have a material impact on its growth, and the Company thus caveats its financial guidance accordingly, the Company believes that its revenues will be in the range of $285 million to $300 million for fiscal 2017.

2018: 2018 Guidance

Although the OLED industry is still at an early state where many variables can have a material impact on its growth, and the Company thus caveats its financial guidance accordingly, the Company continues to expect that its 2018 revenues will be in the range of $280 million to $310 million. The guidance was prepared utilizing accounting standard ASC Topic 606; under the prior accounting standard ASC Topic 605, the Company estimates that its 2018 revenues would be approximately 10% to 15% higher than the revenue guidance range.

2019: 2019 Revised GuidanceAlthough the OLED industry is still at an early state where many variables can have a material impact on its growth, and the Company thus caveats its financial guidance accordingly, the Company now believes that its 2019 revenue will be approximately in the range of $370 million to $390 million. The guidance was prepared utilizing accounting standard ASC Topic 606; under the prior accounting standard ASC Topic 605, the Company estimates that its 2019 revenues would be approximately $425 million to $435 million.

2020: 2020 Guidance

As a result of the ongoing uncertainties regarding both the scope and duration of the COVID-19 global pandemic, the Company continues to refrain from providing 2020 revenue guidance, which was withdrawn on May 7, 2020.

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From: slacker7118/5/2021 4:09:40 PM
   of 27443
 
Reiterated guidance.

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From: occams_phasor8/5/2021 4:13:17 PM
   of 27443
 
85 cents per share on $129.7 million

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From: FenTech8/5/2021 4:13:26 PM
   of 27443
 
Revenue beats at $129.7 million vs estimated $128.05M

EPS $0.85 versus $0.86

Looking forward to call

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To: slacker711 who wrote (26228)8/5/2021 4:21:28 PM
From: slacker711
   of 27443
 
100k of non red/green revenue (presumably blue).

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From: occams_phasor8/5/2021 4:25:58 PM
   of 27443
 
I never look forward to the call.
Long for 21 years though

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