Taiwan-based panel makers Innolux Corporation and AU Optronics (AUO) are expected to see an on-quarter decline in revenues during the first quarter 2013 due to an expected decrease in shipments as a result of major customers adjusting their product inventory, according to industry sources.
The adjustment is also expected to bring down LCD monitor, notebook and TV panel prices throughout the Lunar New Year period, which may not rebound until the second quarter 2013, added the sources.
The sources also said LG Display is expected to see a 15% decline in shipments during the first quarter 2013 but is likely to recover as of March when it is expected to release new TV and tablet panel products.
Meanwhile, Innolux is expected to hold a shareholders' meeting February 2-13 to discuss its financial outlook for the year, noted the sources.
Article translated by Alex Wolfgram
