Tue, Sep 11, 2012 - Page 14 News List

Hon Hai reports decline in unconsolidated revenue

By Kevin Chen  /  Staff reporter

Hon Hai Precision Industry Co (鴻海), which assembles Apple Inc’s iPads and iPhones, yesterday reported that its unconsolidated revenue last month declined 10.5 percent from a month ago to the lowest level in 11 months.

Revenue was NT$222.31 billion (US$7.48 billion), compared with NT$248.69 billion in July, the Tucheng (土城), New Taipei City-based (新北市) company said in a statement.

Last month’s result was lower than the market had forecast as the company was expected to report rising sales because it was gearing up to assemble a new version of the iPhone for its US customer base to launch this week. Hon Hai did not elaborate on the monthly decline in the statement.

Compared with NT$214.43 billion in August last year, sales were up 3.68 percent, according to Hon Hai, which also manufactures TVs for Sony Corp and printers for Hewlett-Packard Co.

For the first eight months, the company’s unconsolidated revenues totaled NT$1.99 trillion, up 21.99 percent year-on-year, the statement showed.

Pegatron Corp (和碩), another system assembler of iPads and iPhones, yesterday reported its consolidated revenue for last month dropped from a month earlier, but was higher than a year ago.

Pegatron, which also manufactures notebooks for Asustek Computer Inc (華碩), Acer Inc (宏碁) and Toshiba Corp, said its revenue last month fell 7.8 percent month-on-month to NT$58.75 billion, while it was up 26 percent from a year earlier.

The Guandu (關渡), Taipei City-based company attributed the monthly decline to a double-digit percentage fall in revenue from its computing segment and a low single-digit percentage fall in the communications segment.

However, the consumer electronics segment increased by a high single-digit percentage from July, Pegatron said.

Cumulative revenue in the first eight months of the year were up 60 percent to NT$453.52 billion, Pegatron said.

Also, lower-than-expected shipments of notebooks pushed down the revenues of Wistron Corp (緯創), the world’s third-biggest contract laptop maker, for last month.

The Hsinchu-based company posted NT$46.06 billion in consolidated sales, down 5.68 percent from a month earlier and 10.97 percent lower from a year earlier, the company said in a statement.

Notebook shipments dropped 150,000 units from a month earlier to total 2.2 million last month, with shipments of desktop PCs and LCD monitors also going down, while those of LCD TVs, hand-held devices and servers increased from July, the company said.

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