Profits You Can Touchhttp://www.fool.com/investing/general/2011/11/22/profits-you-can-touch.aspx Tamara Rutter
November 22, 2011
If your smartphone is permanently attached to your hand and you can't imagine life without your iPad, than you already understand the beauty of touchscreen technology. The popularity of smartphones and tablets has spiked profits for Corning (NYSE: GLW ) -- the leading manufacturer of glass for touchscreen devices.
Hand it over
While smartphones currently account for the majority of touch panel shipments, tablets such as Apple's iPad and Amazon.com's (Nasdaq: AMZN ) Kindle Fire are expected to ship 60 million units this year. That said, the real winner is manufacturing company Corning, which should see a sizeable boost in profits as touch technology becomes the preferred display.
The Hercules of glass
Corning's advantage in the touch market is the company's patented Gorilla Glass -- known for its durable and scratch-resistant display panels. This specialty glass is being used in products such as Dell's (Nasdaq: DELL ) Streak 7 tablet and LG's (NYSE: LG