Cogo Coco Group Inc. (COGO) Announces Rapid Acceleration of Tablet Computer Revenue
Yesterday, Coco Group Inc. announced that the revenue generated by the manufacture of tablet computers is accelerating more quickly than anticipated. This is due to the faster-than-expected growth of China's tablet computer market, in conjunction with growth of Cogo's tablet consumer base. Cogo works as a proxy between Chinese companies, levering business relationships and combining companies' intellectual property to design products, which Cogo sells to electronics manufacturers. This process allows manufacturers to reduce a product's time to market, which is becoming a necessity with the rise of tablet popularity. Dealing with over 1,500 manufacturers, Cogo primarily works with telecommunications equipment,…