AU Optronics (AUO) announced on May 7, 2009 its April preliminary results. Preliminary uncolidated revenues increased 10.1% M/M but down 42.6% Y/Y to NT$24,359 million. Large-sized LCD panel shipments increased 15.6% M/M to 6.86 million units. Small/meidum LCD panel shipments also grew, by 16.2% M/M, to 22.41 million units. AUO didn’t report on profits.
Good Sign AUO had both revenues and panel shipments increase in April. That is a good sign for AUO. Other LCD manufacturers will most likely report positive growth relative to March pointing to healthy growth for the second quarter.
More Workers In other news, Bloomberg reported that AUO and Hon Hai Precision Industry (Foxconn) had to increase factory workers in Taiwan and mainland China in March to fill orders. Hon Hai is a major integrator and manufacturers Apple’s iPhone. If there is a new iPhone that will be unveiled next month I am sure Hon Hai would be quite busy ramping up its iPhone production in preparation for a worldwide release.