Vtech Holdings Limited provided earnings guidance for the full financial year 2020. For the period, the company expects group revenue to increase year-on-year. The growth rate will moderate in the second half, however, as some of the Group's second half shipments of ELPs and TEL products to U.S. customers were brought forward into the first six months, in order to avoid the new tariffs. Although TEL products revenue is expected to be lower, the rate of decline will moderate year-on-year. ELPs revenue for the full financial year 2020 is forecast to increase.

The company also announced that it will launch a line of super-long range residential phones with large displays and a visual ringer feature in North America. A new generation of SMB phones and hotel phones will also gradually replace the existing product ranges. The category of VoIP phones will be enriched with wireless headsets, cordless handsets and wireless desksets. A new line of VoIP conference phones, including video phones with large colour touch displays, will come onto the market. As for baby monitors, VTech will launch a new line of high definition video baby monitors with a remote access function. This pipeline of new products will be instrumental in restoring the TEL products business to growth.