TROUGHS AND PEAKS:Chairman and president Paul Peng said that despite a first-quarter drop in earnings per share, sales momentum would pick up through the year
Date: Jun 03, 2015
By: Lisa Wang / Staff reporter
AU Optronics Corp (AUO, 友達光電), the nation’s No. 2 LCD panel maker, yesterday told shareholders that the LCD industry this year would remain healthy because TV replacement demand for bigger TVs would boost demand by 10 percent annually this year.
“It is a trend for consumers to opt for new TVs with bigger and higher-definition screens this year. Replacement demand is likely to occur in emerging markets and developed nations as people retire their bulky cathode-ray tube TVs,” AUO chairman and president Paul Peng (彭雙浪) told reporters after the company’s annual general meeting. [FULL STORY]