Everlight Boosts Revenue with VR and Other Niche Market Applications

Affected by the uncertain economic outlook, Taiwanese LED manufacturer Everlight’s business operations in 2016 lacked strong growth momentum, reported Taiwanese media UDN. Waning consumer consumption led to sliding revenues in the backlight market, which has neutralized lighting market growth. Even though the dwindling consumer market caused low order visibility, the company has tapped into new application markets that could boost revenue.

Despite slowing backlight and consumer electronic market demands, Everlight has added a new Korean TV client in 2016, and entered the VR application market. Additionally, automotive LEDs, and non-visible LED market will also help it deliver better performance than others in the industry.

Investment and market research institutes analyzed 1Q16 was a low season for Everlight, and projected its revenue would rebound in 2Q16. However, the company was conservative in its revenue outlook for second half of the year, and lowered revenue growth from 10% to single digits. Low global order visibility, and pressure to further lower prices led to the lower outlook. Overall, the company’s LED revenue growth was more stable than others in the industry, and most of its growth momentum stemmed from lighting components. The company projects its lighting revenue will keep double digit growth, once it begins to work on its new clients OEM orders. 

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Tokushima, Japan - 6 March 2024: Nichia, the world's largest LED manufacturer and inventor of the high-brightness blue and white LED, has started mass production of the new UV-B (308nm) and UV-A (330nm) LEDs in its popular 434 Series packa... READ MORE

New XLamp® S Line LEDs enhance growth, last longer, lower energy costs Horticulture and other forms of agricultural lighting require application-tuned ratios of spectral content, high efficacy and long lifetimes. Whether you are interested... READ MORE