The Bedford Report has provided insights into the LED market with a focus on Rubicon Technology and Cree. The report reveals that the LED market is still slowly recovering from declining prices and reduction in orders in the month of July. However, predictions for the long term were still positive.
The report scrutinizes the position of the firms in the semiconductor industry. The main reason for the dip in the LED market was the decreased prices for LED-based lighting and TV backlight systems.
Raja Parvez, the CEO of Rubicon Technology, has revealed that a long-drawn out weakness in the LED backlighting market has had a great effect on the demand for the products, with current pricing being substantially reduced. To help investors to make informed decisions to obtain maximum returns on their investments, the Bedford Report has made public investment research on the materials industry and the semiconductor equipments. They could also register on the company’s website to gain access to several industry newsletters and analyst reports.
Frost & Sullivan reports have stated that the LED market is all set for an explosive growth during the next few years. It anticipates that the market would grow up to almost $2 billion by the year 2017. Cree had announced a profit of $19.8 million for the fourth quarter and has also predicted a revenue of about $245 million for the first quarter of the next year.