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Corning: Maker of Gorilla Glass predicts massive tablet growth in the coming years

Corning: Maker of Gorilla Glass predicts massive tablet growth in the coming years
Corning: Maker of Gorilla Glass predicts massive tablet growth in the coming years
Corning Inc. expects an 800 percent growth over four years

The American materials company Corning Incorporated has seemingly struck gold with their Gorilla Glass product, which is a special type of glass designed to be extra tough but lightweight. The glass is now a key component in portable devices and tablets, including the iPad, Galaxy Tab and Dell Streak. According to Digital Daily, Corning Glass president James P. Clappin stated a spiking demand for their strengthened glass due to the growing tablet market and isn’t expecting any slowdowns. The company now predicts around 180 million tablets to be sold by 2014 compared to the more paltry 20 million of 2010, which is an almost 800 percent increase. Thus, revenue forecasts for Corning would surge as the glass becomes more essential and mainstream to the mobile market.

Unfortunately for Corning, a Japanese version of Gorilla Glass is also in production, called Dragontrail, by the company Asahi Glass. The corporation expects to take 30 percent of the tablet market by next year and will surely compete against Corning for tablet space in the mobile sector.

Source(s)

> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2011 02 > Corning: Maker of Gorilla Glass predicts massive tablet growth in the coming years
Author: Allen Ngo, 2011-02- 7 (Update: 2012-05-26)