Cree, a market leader in LED lighting, announced consolidated revenue of US $321 million from continuing operations, and $50 million from discontinued operations, for a combined revenue of $371 million for its first quarter of fiscal 2017. This represents a 13% decrease compared to combined revenue of $425 million ($381 million from continuing operations and $44 million from discontinued operations) for the first quarter of fiscal 2016 and a 4% decrease compared to the fourth quarter of fiscal 2016. Combined GAAP net income for the first quarter of fiscal 2017 was $0.6 million, or $0.00 per diluted share, compared to combined GAAP net loss of $24 million, or $0.24 per diluted share, for the first quarter of fiscal 2016.

Low demand in laptop and TV backlight worldwide and LED bulb price  wars led by major LED manufacturers, most Taiwanese LED manufacturers incurred revenue losses during first half of 2015.

According to the revenue reports in June each LED plant has announced, due to the impact of slower shipment in mainland China LED backlight market and inventory adjustment, Everlight, Unity Opto and Lextar have suffered decline in revenue over last month, Everlight and Unity Opto decreased 11.82%  and 14.47% respectively. The consolidated revenue of Everlight in June is 1.892 billion NTD, a monthly decline of 11.82%, an annual growth of 11.49%. Everlight noted that by the expiration of energy subsidy policies in Mainland China at the end of May, the slower s...