A teacher advises a student. A doctor meets with a patient. A group of friends plays trivia. Increasingly, so many of these interactions are happening through a screen.
In fact, we believe many of these connections will remain virtual as we live through the long-term impact of COVID-19. While nothing is certain in a pandemic, for Corning Display, navigating this new normal has cemented the need for displays and our fundamental beliefs in the industry.
Essentially, we believe the future of the display industry remains bright for five reasons:
1. Consumers are still buying displays
Each day, we rely on displays in our homes and in our pockets to help ensure that social distancing doesn’t equal social isolation. This means consumers are buying more monitors, laptops, and larger TVs to stay entertained, informed, and connected. In fact, as many locations in the U.S. went under lockdown in April 2020, TV unit sales increased more than forty percent from the same time last year. Much of this spending comes as retail prices declined and consumers found more affordable ways to equip their living rooms, home offices, and classrooms with the latest display technology.
And consumers are not just buying any televisions. They are increasingly buying large 65” and 75” displays. In fact, we expect screen sizes will continue to increase by 1.5” each year.