Corning Q3 hurt by slower phone glass sales - Mobile World Live

Corning’s Q3 results were hampered by dilatory income for its smartphone and machine show glass, arsenic CEO Wendell Weeks stated helium was uncertain erstwhile the  assemblage would rebound.

Corning’s smartphone portion income were down 14 per cent year-on-year portion tablet and notebook decreased by 17 per cent.

Overall, the institution posted a 28 per cent yearly diminution during the 4th to $686 cardinal successful income for its displays technologies division.

“We present expect smartphones to beryllium down astir 12 per cent for the year, and we expect notebook and tablet request to diminution 15 per cent,” helium said connected the net call. “We expect the year-over-year diminution successful smartphones, notebooks and tablets to beryllium greater successful the 2nd fractional than successful the archetypal half.”

Weeks stated helium would similar to spot further affirmative grounds earlier the institution provides immoderate guidance connected a imaginable betterment successful solid request going forward.

Corning provides solid for Apple’s iPhone, Apple Watch, and iPad devices portion Samsung owns a involvement successful the company.

Net income was $208 million, down 44 per cent year-on, portion gross was $3.48 cardinal to people a 4 per cent decrease.

Subscribe to our regular newsletter Back

Author