When Apple’s (Nasdaq: AAPL) iPhone blasted onto the market in 2007, amid the hysteria, you’d be forgiven for thinking that the company pioneered touchscreen phones.
The truth, however, is that touchscreen phones have been around since the early 2000s, steadily building up the head of steam throughout the decade. Today, they’re everywhere.
For example, between 2009 and 2010, the number of devices with touchscreens grew from 20% to 34%. And six of the 10 bestselling mobile phones last year had touchscreens.
That’s obviously great news for mobile industry giants like Samsung and LG (NYSE: LPL). But the real winner is a little-known New Jersey manufacturer that makes all these touchscreens possible…
The Power of Touch
2010 was a great year for Universal Display Corp. (Nasdaq: PANL), with the company reporting record sales.
During the fourth quarter, it raked in $10.8 million – more than double its fourth quarter revenue performance in 2009. According to Chief Financial Officer, Sidney Rosenblatt, this was due to widespread mobile market penetration of its UniversalPHOLED technology.
One major selling point of UniversalPHOLED’s advanced touchscreens is that they use less energy, which consequently conserves battery life.
But more importantly, UDC has patented its technology, which has helped the company land contracts with some of the biggest names in the smartphone business (including both Apple and Samsung).
As such, UniversalPHOLED is well on its way to becoming the standard in this fast-growing industry. An industry that, according to market analysis firm Displaybank, will reach $7.4 billion in 2013. That’s a 196% increase from $2.9 billion in 2009.
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And that’s just the smartphone area. UDC’s profit numbers will explode as tablet PCs jump on board, too.…
In the Sweet Spot of Two Massive Growth Markets
Based on an increasing number of shipments, JP Morgan (NYSE: JPM) recently raised its 2011 estimate of PC tablet sales by nearly 5% – to $26.1 billion. And the brokerage house has penciled in $35 billion in revenue next year.
And UDC is sitting right in the sweet spot of this growth, with its business quietly poised to multiply exponentially.
Consider that close to 100 new tablets are already set for release, as companies scramble to offer an alternative to the iPad. Can you say “saturation point?”
At the moment, the iPad is the golden standard of tablet PCs, boasting a dominant 60% market share. And it’s going to be tough to beat – especially now that Apple has unveiled the iPad 2.
UDC investors won’t care, though, as the UniversalPHOLED technology could make all the difference in determining whether a new tablet is a true iPad rival, or mere pretender to Apple’s crown.
For now, however, the iPad 2 is dominating the conversation. It’s thinner, faster and energy efficient. And while Apple never discloses the specifics of its partnerships, you can bet that the latter is a direct result of its deal with UDC.
As iPad and iPad 2 demand grows – with Apple predicting that it will sell over 40 million this year – UDC’s profits will head skyward, too. And this is in addition to its presence in the smartphone market, plus the new contracts it will win as UniversalPHOLED technology infiltrates other companies in the tablet market.
Talk about a powerful recipe for profits. This company is set to become the world’s largest supplier of touchscreens… in not one, but two of the world’s fastest-growing industries.