Global TV demand for 2020 is expected to “remain resilient,” said Corning Chief Financial Officer Tony Tripeny on an investor call Tuesday: “In-home entertainment is more important than ever." TV sell-through unit sales increased slightly from the 2019 quarter, he said. Sales were better than in Q1, and “better than the industry anticipated,” he said. “Preliminary retail sell-through data for June and July indicate that demand recovery in China has held and that demand in North America remained robust, while emerging regions remained weak.” The company's display-glass sales declined 11.2% year over year to $753 million, and were about flat with Q1, said the CFO. Q2 display-glass production volume grew by low-single digits from Q1 because Gen 10.5 customers “bought more glass,” he said. The manufacturer long term isn’t “just counting on everybody buying more stuff,” said CEO Wendell Weeks. “We’re putting more Corning into the products people already buy.” Corning’s specialty materials business, which includes Gorilla Glass used in 8 billion devices globally, had a 13.5% sales increase, while the smartphone market declined, said Weeks. Samsung will be the first to use Corning’s “toughest” cover glass yet, Gorilla Glass Victus, on a smartphone “in the near future, he said.
COVID-19 is a good reason to extend Lifeline waivers for recertification, reverification, non-usage and income documentation rules until Dec. 31, TracFone told the FCC. The wireless eligible telecom carrier supports the National Lifeline Association’s July 8 petition, said the letter posted Tuesday in docket 11-42. The company said the FCC should temporarily freeze minimum service standards for mobile broadband service at 3 GB, and the mobile voice-only subsidy at $7.25 monthly.
Incompas’ show scheduled for Sept. 14-16 in Las Vegas will be virtual. “As much as we all had hoped to be able to meet in person this September … the well-being of our attendees and exhibitors takes precedence," said CEO Chip Pickering. “Given the uncertainty surrounding the coronavirus pandemic, we will be moving to an all-virtual 2020 INCOMPAS Show.” Earlier Tuesday, CTA did the same with CES 2021 (see 2007280034). Our news bulletin is here. (It's in front of the pay wall, like some other coronavirus coverage.)
Stay-at-home restrictions in Q2 should result in “substantial revenue upside” for Amazon, which reports Thursday, Wedbush's Michael Pachter wrote investors Monday. Grocery business will likely be a key driver, said the analyst, maintaining a revenue estimate of $81 billion. The company has switched focus from boosting shipping speeds to “the wellbeing of its employees,” Pachter said. COVID-19-related expenses in Q1 were over $600 million; Q2 estimates are $4 billion or more, he said. Spending on safety measures is “unlikely to slow down any time soon.”
May desktop monitor imports soared from April at a rate nearly quadruple that of laptops and tablets, the connectivity tools most commonly associated with COVID-19 stay-at-home mandates, according to Census Bureau figures we accessed Sunday through the International Trade Commission’s DataWeb. May brought the highest monthly unit imports of monitors in 10 months. The one-month spike in May monitor imports came amid surging demand in videoconferencing adoption. Cisco’s Webex exceeded 500 million meeting participants in April, generating 25 billion meeting minutes, more than triple the volume in February (see 2005140001). U.S. importers sourced 4.16 million monitors from all countries in May, a 45% increase from the 2.86 million shipped here in April, said DataWeb. May laptop and tablet imports increased 11%. Mexico, South Korea, Taiwan and Vietnam also contributed to U.S. monitor supply in May, on a vastly smaller scale than China.
Public Knowledge's IP3 Awards event Sept. 24 -- covering areas of intellectual property, information policy and internet protocol -- will be virtual due to the pandemic, PK said Monday.
More than six in 10 seniors agree that stay-at-home mandates swayed them to embrace technology more, and nearly half regularly binge-watch TV shows, a healthinsurance.com survey found. The healthcare website canvassed 1,000 U.S. adults 65 and older online July 20-21, finding tech ownership is high among Medicare-eligible seniors. Three-quarters own a smart TV or streaming device, 89% have a smartphone and 68% use a tablet. Two-thirds subscribe to cable. Sixty-four percent say they left the house only to visit the supermarket or pharmacy. Sixty-eight percent of those who haven’t used telehealth during the pandemic say it’s because they haven’t had to. Ten percent used it before the crisis, 44% have used it since and 43% plan to continue using it after COVID-19.
The FCC Wireless Bureau granted emergency authorization for standard reviews to proceed for public safety in Michigan’s Charlevoix and Washtenaw counties. The bureau June 25 released an electronic process for licensees to apply for expedited historic review or emergency authorization of wireless facilities during the pandemic (see 2006260028).
Americans are increasingly worried about returning to offices amid spikes in COVID-19 cases, and most expect more fall outbreaks, IBM’s monthly consumer attitudes survey found. It canvassed 7,000 respondents in July, finding 84% would prefer working from home indefinitely, at least occasionally, up 3 points from June. More than six in 10 say employers need to communicate clearly what they're doing to sanitize, up from 54% in June. And 58% say employers need strict social distancing protocols, up from 49% in June. Telehealth use is rising, with 40% having participated in a virtual medical visit the past month, up 6 points from June. Half the June respondents planned to keep using telehealth after the pandemic, and 60% expressed those intentions in July. Only 19% said they used telehealth sessions before COVID-19.
An Amazon spokesperson confirmed Prime Day will be later this year, after the event was pulled from its normal July schedule. This year, the representative emailed, the e-tailer will hold Prime Day "later than usual, while ensuring the safety of our employees and supporting our customers and selling partners." Prime members in India will experience the event Aug. 6-7. Also Monday, Target followed Walmart by closing this Thanksgiving, leaving to the pre-social distancing age images of crowds storming store entrances to score the best deals. “Let’s face it: Historically, deal hunting and holiday shopping can mean crowded events, and this isn’t a year for crowds,” blogged Target CEO Brian Cornell.