Tue, May 07, 2013 - Page 14 News List

TPK revenue down 2.9% last month from March

By Lisa Wang  /  Staff reporter, with CNA

The world’s biggest touch panel maker, TPK Holdings Co (宸鴻), yesterday posted a 2.9 percent decline in revenue for last month to NT$15.31 billion, from March’s NT$15.78 billion. However, that was a 27.5 percent increase from NT$12 billion a year earlier.

Daiwa Capital Markets analyst Birdy Lu (呂家霖) said TPK was on track to meet his forecast. He expected revenue this month to be similar to last month and to drop slightly next month.

TPK, a major supplier of touch modules for Apple Inc’s iPhone, expected revenue for the current quarter to drop between 10 percent and 15 percent from the past quarter, because demand for smartphones and tablets would decline on seasonal factors.

The company forecast growth momentum to pick up in the second half of this year, after it expanded capacity of touch panels used in PCs to cope with seasonal demand.

TPK’s local rival, Wintek Corp (勝華), yesterday said revenue grew 11.31 percent month-on-month to NT$7 billion last month, driven by an increase in PC and tablet demand, compared with NT$6.29 billion in March. However, the figure was 24.65 percent lower than NT$9.29 billion in April last year.

In related news, the Hon Hai Group (鴻海集團) is to begin assembly of a new version of the iPhone in July, local companies in the Apple supply chain said yesterday. However, Hon Hai, the world’s largest electronic manufacturing services (EMS) provider, would not confirm what other Apple supply chain members said.

Supply-chain companies said Apple started receiving components and parts for the new iPhone, which is expected to be named the iPhone 5S, at the beginning of this month.

Because it usually takes two months for the production process to reach the assembly stage, EMS providers are expected to begin assembling new iPhones in July, sources said.

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