Sat, Aug 10, 2013 - Page 14 News List

Wistron shares decline on lower sales of notebooks

By Helen Ku and Lisa Wang  /  Staff reporters, with CNA

Wistron Corp (緯創) yesterday saw its shares fall on the local bourse, after the world’s third-largest notebook maker by contract reported that sales declined by nearly 10 percent last month from June, raising concerns over weakening global demand for notebooks.

The company’s shares fell 2.96 percent to close at NT$24.60.

On Thursday, Wistron said its consolidated sales for last month totaled NT$48.62 billion, down 9 percent from a month earlier and down 0.45 percent from a year earlier. In the first seven months of this year, consolidated sales fell 3.9 percent from a year earlier to NT$369.6 billion.

Wistron said its notebook shipments fell to 1.65 million units last month from 2.10 million units in June.

Separately, Asustek Computer Inc (華碩), the world’s fifth-largest PC maker by shipments, on Thursday reported its sales last month totaled NT$35.79 billion (US$1.2 billion), up 5.95 percent month-on-month, but down 9 percent year-on-year.

Cumulative sales during the first seven months of the year were NT$249.57 billion, up 3.3 percent from the same period last year, the New Taipei City-based company said in a filing to the Taiwan Stock Exchange.

Meanwhile, Hon Hai Precision Industry Co Ltd (鴻海精密), the major assembler of Apple Inc’s iPhone and iPad, said yesterday its consolidated revenue dropped 1.51 percent month-on-month and 1.64 percent year-on-year to NT$300 billion last month.

Hon Hai said demand for communications improved last month, while demand for PCs stagnated.

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