Corning announced its quarterly results today , and the company beat Wall Street expectations despite a drop in quarterly earnings, thanks in part to a 14 percent year over year increase in sales. Sales for Q4 2012 topped $2.14 billion, with sales of Corning’s Gorilla Glass, the ultra durable material used in the construction of many smartphones and tablets including Apple’s iPhone and iPad exceeding $1 billion for the year. Corning said the strength of Gorilla Glass sales helped drive its “Specialty Material” sales up 68 percent when measured year over year, and up 10 percent from the previous quarter. Corning reiterated that this reflects the over 1 billion consumer and IT devices that are now using Gorilla Glass as a key component. Corning is prepping new ways to exploit the success of its Specialty Materials division, including Gorilla Glass 3, which got a very dramatic debut at CES 2013 thanks to some stress testing that showed just how much stronger it is than previous iterations and alternate materials
The full story can be read/found on Over $1B In Gorilla Glass Sales In 2012 Helps Propel Corning To New Single Quarter Sales Record
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