MVPDs Pushing Apps, Not Set-Tops, Helps UEI: Analyst

MVPDs pushing consumers toward apps rather than set-top boxes could help Universal Electronics Inc. as it shifts from remote controls to chips and embedded software, Colliers' Steven Frankel wrote investors Monday. UEI has been “battling headwinds from the [COVID-19] pandemic, a mix shift from finished remotes to higher margin software/chips and the de-emphasis of some lower margin products,” said the analyst. UEI reports Q2 Thursday.