By Rory Gallivan, Dow Jones Newswires
Monday 16 April 2012
3D imaging specialist expects mobile devices to account for up to 5% of its 2012 revenues.
DDD Group PLC, which makes technology used to convert two-dimensional images into three-dimensional ones, could see a much greater share of its revenue coming from sales of mobile devices using its technology as smartphone and tablet markets expand, its chief executive said Monday.
The company expects mobile devices to account for 3% to 5% of its revenue in 2012, said CEO Chris Yewdall in an interview with Dow Jones Newswires, adding that mobile devices have “the potential to be a much bigger contributor to the overall mix” from 2013.
DDD entered the smartphone market in June last year when the Korean electronics group LG launched its Optimus 3D phone, which incorporates DDD technology. The phone accounted for nearly 10% of the devices using DDD’s technology shipped in the second half of last year.
For 2012, Yewdall said,”1 million to 1.6 million mobile devices would be ideal … as we get towards the middle of the year we might lift that forecast but we’re not going to do that at this stage.”
Other sales targets for devices incorporating the company’s technology are 6 million to 8 million for televisions and 2.6 million to 3 million for PCs.
DDD, earlier Monday reported a rise in revenue to $5.5 million for the year ended Dec. 31, up from $2 million the previous year, while the pretax loss narrowed to $96,000 from $1.2 million.
Shares at 1101 GMT, were unchanged at 23.88 pence valuing the company at GBP32.04 million.
Read more: http://www.totaltele.com/view.aspx?ID=472762