Mon, Oct 10, 2011 - Page 11 News List

Quanta, Hon Hai revenues both down

By Kevin Chen  /  Staff Reporter

Quanta Computer Inc (廣達電腦), the world’s largest contract maker of laptop computers by shipments, posted consolidated revenues of NT$88.6 billion (US$2.91 billion) last month, down 4.8 percent from August and a decline of 8.4 percent from a year earlier, the company said in an e-mailed statement on Saturday.

In the July-to-September quarter, revenues rose slightly by 0.14 percent to NT$267.25 billion from the second quarter, but were down 0.77 percent from a year ago. In the first nine months of the year, revenues totaled NT$785.42 billion, down 2.49 percent from the same period last year, the company said in the statement.

Quanta makes Macbooks for Apple Inc. It also supplies laptops to major customers such as Acer Inc (宏碁), Hewlett-Packard Co (HP), Lenovo Group Ltd (聯想), Sony Corp and Toshiba Corp.

Last month, Quanta shipped 5 million portable PCs, the same amount as in August. In the third quarter, the company shipped 14.5 million units, down 1.4 percent from the second quarter.

Ahead of Friday’s shipment results, Barclays Capital had already forecast that Quanta would see a weak sequential growth of 2 percent, because of the company's high exposure to mature markets and consumer segments that have been negatively impacted by the general economic uncertainty and weak back-to-school demand.

During the first nine months, the company's total laptop shipments have hit 41.9 million units. In the whole year, Quanta is expected to grow 10 percent in shipments to 57.3 million units, spokesman and chief financial executive Elton Yang (楊俊烈) said last month.

Meanwhile, with the weakening world economy and global stock market rout over the past few months, Hon Hai Precision Industry Co (鴻海精密) did not escape the strong macroeconomic headwinds completely unscathed.

The world’s largest contract manufacturer of electronics by sales said its unconsolidated revenues last month were up 3.43 percent month-on-month, but down 12.5 percent year-on-year to NT$221.78 billion, according to a company release issued on Friday.

The Taiwanese maker of Sony TVs, HP printers and Apple iPhones and iPads said that third-quarter revenues increased 5.01 percent quarter-on-quarter to NT$665.66 billion, but dropped 0.18 percent year-on-year.

In the first nine months, Hon Hai saw its unaudited revenues expand 16.3 percent year-on-year to NT$1.85 trillion, the company said.

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