Comcast now generates nearly a quarter of all sales for remote maker Universal Electronics

Image: Comcast

Illustrating the outsized importance the No. 1 U.S. cable company has for some vendors, remote control maker Universal Electronics revealed last week that Comcast accounted for 24.2% of its sales in the second quarter. 

The company, which sources the voice remotes that power Comcast’s X1 video platform, as well as electronic components including sensors that go into the cable company’s home automation and security product, said that AT&T’s DirecTV satellite platform had the second biggest share of business at 10%.

RELATED: Comcast signs warrants agreement with X1 voice remote maker Universal Electronics

WHITEPAPER

How To Lower the Cost of Ownership of Your Cable Access Network

This white paper presents a cost analysis of a virtualized cable modem termination system (CMTS) deployed in a distributed access architecture (DAA). Learn how to eliminate traditional CMTS constraints, efficiently enhance your network performance and more.

“Home security has done really well,” said Universal CFO Bryan Hackworth. “Comcast continues to roll out its X1 platform, so remotes have sold well for us. But also, we're selling the home security products through their XFinity platform. We have growth from multiple sources.” (A transcript of Universal Electronics’ second-quarter earnings call was provided by Seeking Alpha.)

Universal Electronics reported a 3% rise in quarterly income and an 8% uptick in operating income. The Santa Ana, California-based vendor entered into a warrants agreement with Comcast in March 2016.

As Universal noted, the company’s Comcast business also includes syndication partners Cox Communications and Shaw Communications, which both license white-label versions of X1, as well as Xfinity Home. 

Read more on

Suggested Articles

WarnerMedia scored a key HBO Max distribution deal with Comcast just as it launched in May. Nearly six months later, there still isn’t an app.

Peacock, NBCUniversal’s recently launched streaming video service, is rolling out 20% discounts on annual Premium subscriptions for Black Friday.

How can we defend ourselves? Mostly, it’s a matter of common sense.