The Trump Administration tariffs have started to cut into TV Imports from China, and there are signs that monitor imports are surging ahead of potential tariffs to be imposed on December 15th, 2019. The latest data from the US International Trade Commission (ITC) import database shows that the electronics industry is slowly shifting smartphone production out of China to Vietnam, but that PC and related imports, including monitors, remain almost exclusively from China.
On China’s (and the world’s) most important online shopping day “11.11” or Singles Day, online channels reported sales revenues of CNY 410 Billion ($58.6 billion) with 30.1% Y/Y growth. TMall (Alibaba) alone took in CNY268.4 Billion ($38.3 billion) with 25.71% Y/Y growth, which was down from 27% growth the year before resulting in a 0.2% stock price decline.
As expected, Motorola launched its foldable clamshell smartphone on November 13th and it received an enthusiastic response from most media and reviewers. In the case of the US market, it is exclusively available from Verizon and is priced at $1499. Pre-orders start on December 26th and it will be available January 9th.
Highlights of Samsung’s latest earnings call from a display perspective were as follows:
Universal Display Corporation (UDC) released their Q3 financial report Thursday and, following a strong first half, reported another quarter of revenue and profit Y/Y, and again increased their revenue guidance for the full year 2019. After the announcement, the company’s stock price jumped at the news, finishing the week up 11% at $198.39. The stock price had declined during Q3, but with the increase this week it has again reached triple-digit appreciation year-to-date, now up 118%.
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