Everlight Announced Its Prediction for LED Industry in 2012

Recently, Everlight’s spokesman, P.Y. Liu, has announced the company’s prediction for LED Industry in 2012.

According to him, the company will see revenue climb quarter by quarter after hitting the bottom in the first quarter of 2012.

He noted that the company’s monthly revenue in the fourth quarter of 2011 will change only moderately and revenue for January, 2012, will slip from a month earlier because of the Chinese-New-Year holidays.

Liu pointed out that inventories at the company’s customers are getting close to a minimum after quarters of destocking efforts. Most of Taiwan’s LED makers including his company have secured 70-80% of the contracts from global buyers.

As a result, Liu disclosed the company would see revenue climb quarter by quarter after hitting the bottom in the first quarter of 2012.

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