Hon Hai Precision Industry Co Ltd (鴻海精密), which assembles iPhones and iPads for Apple Inc, yesterday reported a 2.13 percent fall in revenue for last month, providing more evidence that the March 11 earthquake and tsunami in Japan did not severely disrupt the supply and shipment of components to the company.
It also indicated that an explosion at Hon Hai’s Chengdu plant last month did not have any lasting impact on its shipments, the company said. The blast could have caused the loss of a production run of at least 500,000 iPad tablets, IHS iSuppli said last month.
Revenues dropped to NT$200.56 billion (US$6.97 billion) on an unconsolidated basis, from NT$204.94 billion in April, according to an e-mailed statement. On an annual basis, revenue expanded 22.8 percent from NT$163.26 billion in May last year.
In addition, the figures also showed that Hon Hai performed better during the slack season for computers than before, as the company has shifted its product mix to consumer electronics, a Hon Hai official said.
Revenue from consumer electronics is expected to increase to NT$1.36 trillion this year, catching up with the PC revenues of NT$1.56 trillion, according to a BNP Paribas Securities’ report from Wednesday.
In the first five months of the year, Hon Hai’s revenues grew 31.1 percent year-on-year to NT$959.51 billion.
On Wednesday, Hon Hai chairman Terry Gou (郭台銘) told shareholders the company’s revenues would grow by between 15 percent and 30 percent annually from next year to 2016, driven by growth in Google TVs, smartphones and game consoles.
Shares in Hon Hai fell 1.96 percent to NT$100 yesterday, their lowest level since they hit NT$99.6 on June 29, 2009.
Meanwhile, Compal Electronics Inc (仁寶電腦), the world’s second-largest contract maker of laptop PCs, yesterday posted revenue of NT$55.5 billion for last month, down 24 percent from the same month last year.
Total revenue for the first five months of the year was NT$276.1 billion, down 24 percent from the same period last year, according to a company’s statement.
The drop in sales was mostly due to the reduced orders from anchor client Acer Inc (宏碁), which yesterday posted its unconsolidated sales, showing a 29.21 percent fall year-on-year to NT$35.74 billion last month. In addition, revenue from January to last month dropped 26.85 percent year-on-year to NT$166.3 billion.
additional reporting by Jason Tan
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