Taiwan's monitor shipments grew 7.5% on year in the third quarter of 2018 and are expected to continue enjoying a similar level of on-year increase in the fourth quarter, according to Digitimes Research's latest report.
The shipment share of 22- to -26-inch models had a higher-than-expected increase in the third quarter as TPV and Qisda both had significant shipment pick-ups in 23.x-inch products. Qisda's 27-inch and above product shipments also enjoyed significant growth, Digitimes Research's numbers show.
Taiwan's monitor production value had a sequential growth smaller than that of shipments in the third quarter due to dropping panel prices, resulting in a decrease in monitors' ASP. As panel prices are expected to continue declining in the fourth quarter, the ASP is expected to slip further.
As for Taiwan-based monitor makers, TPV achieved a dramatic increase in third-quarter shipments, allowing its share of Taiwan's overall shipments to rise. For the fourth quarter, all Taiwan-based makers are expected to see their shipments stay flat or slip slightly on quarter due to seasonality, with TPV and Qisda also expected to achieve on-year shipment growths.
For 2018, worldwide and Taiwan makers' monitor shipments will both rise on year after having experienced several years of declines.