COVID-19 Shutdowns Over, Dolby Should See Volumes Ramp for Holiday, Says Analyst
Dolby “navigated through the worst" of supply chain interruptions from COVID-19-related factory shutdowns and will see “volumes ramp into the Holiday season,” wrote Colliers analyst Steven Frankel in a Wednesday investor note. The Dolby ecosystem continues to expand with high-profile…
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content, Frankel said, citing the Disney+ Hamilton release in July, a new streaming partner in India and Xiaomi’s first TV with Dolby Atmos and Vision. Dolby.IO, the company’s effort to move its technologies to applications, was adopted by SoundCloud for creating high-quality music tracks and developers in telehealth and e-learning, so it could substantially expand the company’s business, he said. TCL, which supports Atmos and Vision in its TVs, had a 32% year-on-year boost in TV sales last quarter to 5.81 million sets, becoming the No. 2 brand globally, he said. Dolby will be part of Colliers’ Sept. 10 investor conference.