TCL's Dolby Vision 4K TVs Were Key Q1 Revenue Driver for Dolby, Says Analyst

Dougherty & Co. analyst Steven Frankel highlighted TCL Q1 TV sales in a Dolby Labs research note to investors Tuesday. TCL’s 4K sets, including the Series 5 and 6 with Dolby Vision, were demand drivers for Dolby, jumping 83 percent year on year, he wrote. The TV brand was No. 1 or 2 for six consecutive weeks in North America during the March quarter, said Frankel, citing NPD. The analyst maintained a “buy” rating on Dolby, modeling $335.8 million in fiscal Q2 revenue ahead of May 1's financial report. He predicted 10 percent growth in license revenue and 12 percent growth in product revenue and referenced “potential benefit of the transition to ATSC 3.0.”