By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Growing sales of LCD televisions, mainly large-size models, as well as increasing revenue from mobile phones, lifted fiscal third quarter sales in the audio-visual and communication equipment business — namely consumer electronics — at Sharp by 13.8 percent, hitting $2.7 billion, up from $2.4 billion in the year-ago quarter.
Sales in Sharp's consumer/information products business, which includes consumer electronics, major appliances and information equipment, rose 10.5 percent in the third quarter, ended Dec. 31, reaching $4 billion, compared with a year-earlier $3.7 billion.
Third-quarter sales of LCDs moved up 17.9 percent to $1.3 billion, from $1.1 billion year-on-year due to the growth of large sizes.
Sharp's third-quarter sales for its electronic components business, which includes LCDs, jumped 16.3 percent to $2.2 billion, from $1.9 billion in the same three months in 2004.
Operating income in the third quarter for audio/visual and communications equipment reached $99.9 million, a 15.2 percent increase over the $86.8 million recorded in the third quarter the prior year.
Consumer/information products operating income moved ahead 14.2 percent in the third quarter, coming in at $156.5 million, up from a year-earlier $137.1 million.
LCD business operating income in the third quarter reached $145 million, a 39.5 percent rise over the $103.9 million recorded in the same three months the previous year.
Electronic components business moved up 24.1 percent in the quarter, to $214 million, compared to a year-on-year $172.4 million.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.