IHS says global panel shipments up in 2Q
IHS is expecting global panel shipments in 2Q to be up 7% in units to 646.7m units after a 9% q/q decline in 1Q. Citing preparation for Chinese May Day sales, with monitors up 5%, tablets down 1% and notebook displays down 8%, while TV units are expected to be up 3%, with Apple’s PC related new product releases helping to potentially move the notebook needle at the end of the quarter.
While unit volumes are important, and 2Q/1Q comparisons are typically positive, the bigger question is revenue, which has a spottier record on a 2Q/1Q basis. Given that 2Q 2016 was up 7% sequentially, but down 20.4% from the previous year, the 2Q 2017 revenue comparisons should be relatively easy unless yesterday’s May Day celebration was not as strong as hoped, but the comparisons get progressively harder on a sequential basis starting in 3Q, when, in 2016, the industry began its recovery. We expect less robust comparisons for the remainder of the year.
While unit volumes are important, and 2Q/1Q comparisons are typically positive, the bigger question is revenue, which has a spottier record on a 2Q/1Q basis. Given that 2Q 2016 was up 7% sequentially, but down 20.4% from the previous year, the 2Q 2017 revenue comparisons should be relatively easy unless yesterday’s May Day celebration was not as strong as hoped, but the comparisons get progressively harder on a sequential basis starting in 3Q, when, in 2016, the industry began its recovery. We expect less robust comparisons for the remainder of the year.
Total TFT Revenue q/q - Source: SCMR LLC, DIsplaysearch, IHS, Witsview, Company Data
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