Boston, MA 04/25/2014 (wallstreetpr) – Corning Incorporated (NYSE:GLW) is a $29 billion business organization that serves the display market with its tough but beautiful glass.
The company’s top officials pitched tents in India recently where they are tried to get into the business plans of local smartphone makers, never might the Asian country is among the biggest consumers of smartphone.
In India, Corning expects to strengthen a presence in the country through domestic manufacturers. The vibrant India’s smartphone market looks promising for the company to increase its revenue and return greater value to investors. In any case, emerging markets such as India and China are attracting major technology companies because of the big market opportunity.
Although there are several foreign companies operating in India, Corning Incorporated (NYSE:GLW) is keen on serving domestic handset manufacturers. And serving this category requires the understanding of its needs. Therefore, James Hollis, the director of global sales at Corning Gorilla Glass, said being in India will help the glass manufacturer to understand the needs of domestic phone makers so as to serve them better.
Moreover, being in India is one way for the company to get the message out there about its premium glass products that are the perfect answer for the challenges faced by phone manufacturers in providing high-quality products at low prices.
Towering market position
Corning Incorporated (NYSE:GLW) expects to use its good reputation and towering market position to win over more customers in the smartphone industry. Corning’s Gorilla Glass is reportedly used in more than 33 big brands around the world. Moreover, about 2.5 billion devices have been sold to the global market since the launch of Gorilla Glass in 2007.
Emerging markets
Saturation of smartphones in developed market is pushing technology companies to seek for opportunities in the emerging markets, and Corning Incorporated (NYSE:GLW) is no exception. The company seeks to make higher sales, generate revenue growth and realize strong profit into the future. Increased awareness and strategic partnership are being tried to expand Corning’s market reach.
