When it comes to the display space, Corning has a strong advantage. High-performance televisions have been very profitable for the company and are the product that catapaultedit to new heights in the 2007 home-entertainment era. As the consumer-spending space continues to evolve, though, the shift toward tablets and smartphones increasingly detracts from the home-entertainment side of the equation.
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With the explosive growth of smartphones worldwide, many investors were expecting massive investment returns from Corning's market-dominating Gorilla Glass -- the covering of choice for smartphones, most recently Apple's(NASDAQ:AAPL)