Young Optics lowers pico projector revenue goal for 2009

Taiwan-based light engine maker Young Optics, a subsidiary of backlight unit (BLU) maker Coretronic, has lowered pico projectors' estimated share of revenues to 5% from 19% for 2009, according to the company.

Young Optics indicated that the company shipments of pico projectors have been weaker than expected due to delays in clients' product launches, as well as high prices of pico projectors.

According to research firm PMA, pico projector shipments are estimated to reach 420,000 units in 2009, exceed 1.8 million units in 2010, 7.6 million units in 2011, and over 17 million units in 2012.

However, Young Optics noted that judging from the current market situation, pico projector shipments in 2009 are unlikely to reach 420,000 units. The company said that the pico projector market will take off when module prices drop to US$50 each in 2010.

The company has posted July consolidated revenues of NT$405.99 million (US$12.32 million), down 24.91% from NT$540.66 million for June and down 47.4% from NT$771.92 million for July 2008, according to data from the Taiwan Stock Exchange (TSE). Accumulated revenues from January to July totaled NT$3.29 billion, down 18.91% on year.

Via DigiTimes