LED industry market demand plummeted in November to accelerate the decline in revenue

Affected by the financial crisis, consumer demand for electronic products have been depressed, so that the LED market boom in Taiwan early into the winter. The industry early in the third quarter of 2008 announced no Christmas Wang quarter, November market conditions all the more obvious, insiders said, there is no so-called order visibility, most manufacturers have already frozen personnel, even sporadic layoffs and retirement coping.

LED upstream epitaxial plant crystal electric said that as a result of the company's consumer electronics products accounted for more than 5, by the impact of the economy, in November the order visibility is low, revenue should be worse than in October. Capacity utilization rate of about 6-7, the company has frozen personnel, in case of no shortage, hoping to reduce the cost of personnel through the winter. Canyuan also said that in November the market demand is low, single or situation is obvious in October, expected revenue performance will decline, the capacity utilization rate has fallen to about 6.

The new century, the most outstanding performance since 2008, specializing in niche market, benefited from the rapid growth of Chinese, outdoor advertising market, from March 2008 to October for writing monthly record revenue, profit level in the industry of the crown, and only to the October record company. However, in November to enter the off-season, coupled with the market boom is chilly, the company said November will decline from high point, interrupt revenue record, preliminary estimates of performance in the fourth quarter compared with the third quarter by about 10%, the cold hardiness of the genus LED in the company.

LED packaging manufacturers to Wang Qi after the potential views also hold a conservative attitude, the company said, a pessimistic market, say industry almost no visibility, especially during the first quarter of 2009 it is very difficult to predict, at this stage the degree of confidence is restored, the monthly decline in fourth quarter revenue is foreseeable. I-Chiun said that season with a recession in November October, the order status, the main products of LED wire frame, LCD reflector requirements are low, the capacity utilization rate of about 5, fourth quarter revenue momentum is weak, fear will decline over the same period in 2007.

Source: LEDinside