A new report has revealed that Visionox might receive large orders from Huawei, and its former subsidiary, Honor. The supplier will provide the smartphone OEMs with AMOLED displays, with unit orders numbering in the millions.
According to a TechWeb report, a person close to the supplier has stated that the company might be receiving 5 million orders from Huawei and about 10 million orders from Honor for AMOLED panels. Back in January 2021, Visionox had announced that its net profit for 2020 is expected to be around 141 million to 210 million Yuan (roughly 21 to 31 million US Dollars), which marks a year on year increase of 120 to 227 percent. The company attributed this growth to its continuous innovation and rising demands.
Notably, Visionox is also the company behind the first mass produced display that supports an under screen camera. Furthermore, it also has an exclusive deal with ZTE to provide these displays for the company’s flagship ZTE Axon 20 smartphone. It even provides high end hyperboloid curved displays to major OEMs for their smartwatch lineup and even smartphones. A few of its major customers include Chinese tech giants like Xiaomi, ZTE, Huami, and South Korea’s LG as well. Recently, the company even picked up Oppo, Motorola, and more as their new customers.
So, Huawei and Honor putting in large orders with the company is great news for the supplier. Meanwhile, Honor placing in larger orders is also indicative of both companies’ current position, as Huawei struggles with its smartphone division due to US sanctions that had caused it to sell its budget sub brand to ensure its survival. At the moment, Honor is pushing to launch its products, especially in China, to establish itself as a major contender in its home market of China.
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