Shipments in January showed a stronger than usual traditional weak seasonality; LCD TV panel shipments recorded 13 consecutive months of growth

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2010-02-12 11:53

Taipei--(뉴스와이어)--According to WitsView’s latest survey, global large-sized panel shipments (including the 8.9-inch and above) added 0.5% MoM to 50.38 million units in January 2010; its YoY performance was a sharp 125.6% increase compared to the same period last year when the industry was impacted by the financial downturn. In January, driven by demand from Chinese New Year (CNY) holiday sales, TV shipments continued to boom. Additionally, as LCD monitor panel prices hiked, downstream customers have been replenishing their inventory aggressively. Hence, overall shipment in January continued to grow. However, panel capacity is still limited by the short supply of upstream components, such as glass substrates, polarizers, and IC, as well as labor shortage in China during CNY. These factors led to the short supply of panels, which stimulated the continued increase in panel price.

Looking at shipments of the 3 main applications: First, total shipment of TV panels rose by 2.0% MoM and 130.2% YoY to 15.43 million units - this positive performance was mainly because China government expanded the scope of its electronic product subsidies, and downstream customers restocked early in preparation for the Chinese New Year holiday sales. Second, monitor panel shipments inched up by 1.4% MoM and 106.6% YoY to 18.17 million units; the growth is driven by inventory replenishment of monitor panels, triggered by the price rebound. Third, notebook panel shipments declined by 1.8% MoM to 16.77 million units. This is because shipment momentum slowed as the effect of Windows 7 launch gradually weakened. However, on an annual basis, notebook panel shipments rose by 145.4% YoY.

Conclusion

At their respective 4Q09 inventor conferences, panel makers expressed their optimistic outlook toward 1Q10 as the market is in a stronger than usual traditional weak seasonality. The optimism also extends to the sales performance during CNY. Based on their projections for panel shipments in March, panel makers may be able to maintain the same shipment performance as that in 4Q09. After panel price rebounds, panel makers will likely achieve pleasing earnings performance in 1Q10.

About WitsView

Founded in the year 2004, WitsView, a subsidiary brand of DRAMeXchange, is composed of a team of TFT-LCD industry experts. The research field covers the development and market trend of upstream components, mid stream panels and downstream system integrators and retailers.

For more about WitsView, please visit www.witsview.com

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