Corning Gorilla Glass hands-on – TiPb at CES 2011
Chances are, even if it’s not been confirmed and Corning is not allowed to disclose it, your phone or tablet device might just have a super tough Gorilla Glass screen. Ahem. So how tough is it? We caught up with the folks from Gorilla Glass live at CES 2011 and they gave us the full-on scratching, cracking, bending, breaking demo. (And as anyone who’s ever dropped their iPhone or iPad knows, your heart breaks along with the glass.)
Check out the video above and let us know if it makes you feel any better about having glass on both sides of your iPhone 4…?
http://blogs.wsj.com/marketbeat/2010/06/08/gorilla-and-the-ipad-corning-to-benefit/
By Nesil Staney
Sales of Gorilla Glass — a scratch resistant, tough-to-break glass used in touch-screen devices — could be a key driver of Corning’s share price in coming years, Bernstein analysts wrote in a note dated Tuesday. Bernstein analysts raised Corning to “outperform” from “market perform,” and revised their target price for the shares to $22 from $21.
Bernstein predicts Corning could generate $1 billion revenue from its Gorilla Glass unit by 2012, in part, by tapping demand tied to smartphones, notebooks and tablets. That would add earnings of 11 cents per share. Bernstein analysts estimate that smartphones could be a $500 million market for Gorilla Glass. In addition, they note that high-end notebook computers could represent a $500 million to $1 billion opportunity for the company. And on top of that, there are new devices to be explored. “Apple’s iPad introduced a new product category: media tablets. We believe that media tablets are a [$300 million] opportunity for Gorilla.” With another $4 billion opportunity in television screens, Gorilla could be Corning’s second-largest business by the middle of this decade, Bernstein analysts argue.
The spotlight on Corning’s Gorilla Glass business is likely being welcomed by Corning shareholders. Before Tuesday’s upgrade, the shares were down more than 17% year-to-date, compared to a 6.7% falloff in the S&P 500. Corning made back some of that lost ground, as the shares rose roughly 5% Tuesday, versus a slight gain for the broader index not long after 1 p.m.
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