Corning reduces sales forecats for Gorilla Glass due to weak sales from non-iPad tablets

Corning reduces sales forecats for Gorilla Glass due to weak sales from non-iPad tablets
Corning is predicting that its sales of Gorilla Glass will drop 25% in Q4 from the prior quarter due to weaker than expected tablet sales (not including the Apple iPad). Corning previously had expected sales of its scratch resistant glass to drop 15% sequentially in the fourth quarter. Gorilla Glass is said to be 20 times stiffer and 30 times harder than plastic.

UBS analyst Maynard Um said that Apple's share of Gorilla Glass revenue has dropped from 80% through last December to 50% from March to September of this year. That would leave sales of the glass more open to be influenced by the sales of non-Apple products. Because of Apple's shrinking influence on Gorilla Glass sales, Um doesn't believe that Corning's announcement means anything about iPad sales. In fact, the analyst still expects 12 million Apple iPads to be sold in the current quarter. Even if sales were to drop 10% on a sequential basis, he says the damage to earnings would only be 11 cents a share of 1% of Apple's earnings.As far as weaker tablet sales generally, Um says that the weak economy could be turning some buyers toward laptop computers with greater functionality.

There has been some speculation that Apple iPad 2 production has been declining with talk of reduced orders for the tablet by Apple in the 2nd quarter although some have said that Apple was merely compensating for ordering too many components for the period. And with competition from the $199 Amazon Kindle Fire, the question of whether the iPad 2 has jumped the shark is valid. On the other hand, Black Friday iPad sales at Apple Stores rose 68% from the prior year with the outlets each ringing up 14.8 units each hour. Apple CFO Peter Oppenheimer has said that the company expects record sales of both the Apple iPhone and Apple iPad in this current quarter.

While the non-iPad tablet market might be weak enough to force Corning to reduce its Gorilla Glass sales estimates, Apple CEO Tim Cook feels that sales of tablets will eventually surpass those of PCs. Apple has contributed greatly to that cause with more than 40 million units of the iPad sold. Last quarter, Apple set a record with 11.2 million copies of the iPad finding a home.

source: AppleInsider

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19 Comments

1. joseg81

Posts: 204; Member since: Jul 15, 2011

1st typo on the header "forecats"

2. darth8balI

Posts: 18; Member since: Sep 30, 2011

I remember a lot of posters insisting Apple doesn't use gorilla glass from Corning...

3. iamcc

Posts: 1319; Member since: Oct 07, 2011

People were saying the iPhone doesn\'t use Gorilla glass, not necessarily all Apple products. Without something from Apple telling me otherwise I would probably be more likely to believe that the iPhone does not have Gorilla glass, i\'ve seen how easily they break...

5. darth8balI

Posts: 18; Member since: Sep 30, 2011

Why would they use it in iPad and not iPhone? A simple google search will show you iPhone has it.

7. iamcc

Posts: 1319; Member since: Oct 07, 2011

I just Googled it and there is no definitive answer. Also, I don\'t know why people are giving me thumbs down above... the reality is that the iPhone continually disappoints in the drop tests. Get over it, i\'m sorry you bought a glass phone.

9. iamcc

Posts: 1319; Member since: Oct 07, 2011

I stand corrected. The front panel of the iPhone is made from Gorilla Glass.

19. iTaco

Posts: 3; Member since: Dec 01, 2011

Owned

6. remixfa

Posts: 14605; Member since: Dec 19, 2008

so who is using a fake darth8BALL account? thats really sad. I just wanna put that out there. who is this? someone get banned and come back as an imitator??

8. iamcc

Posts: 1319; Member since: Oct 07, 2011

Good call. I didn\'t notice that...

4. networkdood

Posts: 6330; Member since: Mar 31, 2010

Apple will be purchasing screen from Sharp in Japan....ummm, right?

10. robinrisk unregistered

lol taco seems to have been banned.

11. remixfa

Posts: 14605; Member since: Dec 19, 2008

where did you hear that? or do u think the fake darth is taco?

14. iamcc

Posts: 1319; Member since: Oct 07, 2011

He had to have been banned. It's been an entire day (with two articles regarding Apple/Samsung patent battle) and no taco comments.

12. theBankRobber

Posts: 682; Member since: Sep 22, 2011

Scratch resistant glass my ass, my Photon has a small scratch in between the touch menu and home buttons. You can feel the scratch with your fingernail moving over it. I think it came from having coins in my pocket, luckily its not in the middle of the screen itself.

13. iamcc

Posts: 1319; Member since: Oct 07, 2011

That's like me saying: "Bullet-proof vest my ass. Some dude emptied a clip from his AK at me and I took one in the leg, this s**t is bulls**t." You just said you put the phone in your pocket with coins, one small scratch seems pretty "scratch resistant" to me.

15. som

Posts: 768; Member since: Nov 10, 2009

Asahi Dragontrail may hurt Gorilla big time.

16. christianqwerty

Posts: 467; Member since: May 05, 2011

gorilla glass is over rated.

17. android_sucks

Posts: 111; Member since: Jul 28, 2011

What is a forecats? LOL!!!!!

18. darth8balI

Posts: 18; Member since: Sep 30, 2011

It's the real me. Not sure what this ompersinatuon stuff is about.

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