Forbes: Cree will maintain growth on lighting especially LED lighting products in 2014

 

led street light

Historically, Cree has been operating LED lighting products such as power LED light including the high power led street light Manufacturer in volatile market environment, the situation is obvious in the past few years. 2012 is the year of the LED market overcapacity, falling prices of power LED lights especially the high power led street light Manufacturer and profit pressures downward important both trends torturing LED industry. However, as an innovator in LED industry, Cree financial year (ending on June) achieved 18% revenue growth in 2012, but due to increase funding for research and development of new products and improve product price competitiveness, as well as the industry 's high power led street light Manufacturer and other commercial and industrial or household LED lighting product turn to falling profits, the company also recorded a 70% decline in net income.
Mainly affected by the reduction in the delivery of innovative products and the price gap between high power LED flood light and other LED lighting and traditional lamps, LED dynamics market have been greatly improved over the past year Demand growth in all areas of industry support. - LED, lighting and power and RF, Cree made $ 14 billion in revenue (19% annual growth) in fiscal year 2013. In addition to strong sales performance, the operational efficiency of commercial high power led street light Manufacturer and other commercial and industrial or household LED lighting products also makes the gross profit margin increased by 2.6% in fiscal year 2013. Company is holding more than one billion US dollars in cash and no debt at the end of the this fiscal year. This powerful statement of financial position provides Cree with investment and development business and the ability to respond to new opportunities in high power LED flood light and other LED lighting industry. All in all, the strong growth of lighting products especially high power led street light Manufacturer and other commercial and industrial or household LED lighting in the revenue structure offset the performance of its instability over the past few quarters.


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