Thu, Dec 06, 2012 - Page 13 News List

Lite-On reports strong monthly sales

By Helen Ku  /  Staff reporter

Electronics component manufacturer Lite-On Technology Corp (光寶科技) yesterday posted its second-highest monthly sales of the year, benefiting from strong demand for camera modules for smartphones and LED products.

Consolidated revenue reached NT$10.68 billion (US$367.6 million) last month, rising 3 percent from NT$10.41 billion in October and 11 percent from NT$9.62 billion in the same month last year, the Neihu (內湖), Taipei-based company said in an e-mailed statement.

Between January and last month, cumulative sales rose 1 percent to NT$110.5 billion from NT$109.58 billion a year earlier, the company’s data showed.

“Thanks to the steady increase in the demand for smartphones, tablet computers and cloud computing applications, our core business units showed sequential growth last month,” a Lite-On official said by telephone yesterday.

Revenue from camera modules grew by about 50 percent year-on-year last month, hitting a new monthly high, bolstered by its capacity expansion and steady orders of high-end mobile devices, particularly smartphones.

“Except from Apple Inc, we saw a strong increase in demand from smartphone vendors based in Taiwan, Europe and China. Sequential gains in the global market shares of smartphones and tablet computers boosted demand for our products,” said the official, who declined to be named.

Total revenue from optoelectronic items grew by about 43 percent year-on-year last month, Lite-On said.

Meanwhile, driven by substantial demand from branded customers and delivery growth, revenue from LED lighting components improved by more than 300 percent year-on-year last month, and total revenue from the LED business unit increased approximately 40 percent on an annual basis, the company said.

“Demand for LED lighting components is mostly from Japanese and European firms,” the official said.

The latest sales results also showed the company was shipping more keyboards last month.

“We believe growth momentum for keyboards for tablet computers will be sustained, driven by increasing demand for mobile devices,” the official said.

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