Tue, Sep 17, 2013 - Page 14 News List

Taiwan Business Quick Take

Staff writer

TELECOMS

Size counts for smartphones

The market share of smartphone models equipped with five to 7 inch displays grew to 37 percent in Taiwan last quarter, from 24 percent in the first quarter, market researcher International Data Corp (IDC) said yesterday. Taiwanese consumers’ preference for larger-sized smartphones outperformed the average 21 percent in other Asia-Pacific markets, IDC said. Taiwan’s domestic smartphone sales totaled 1.7 million units last quarter, up 20 percent year-on-year, but down 8 percent quarter-on-quarter, it said. Smartphone market share increased to 81 percent last quarter, compared with 80 percent in the first quarter, IDC said.

AUTOMOBILES

Tong Yang profit rises

Tong Yang Industry Co (東陽實業), which makes auto parts such as bumpers and hoods, yesterday said that its pretax profit rose 90 percent last month from a year ago. Cumulative profit in the first eight months grew 60 percent year-on-year amid improving economic outlooks in the US and Europe, it added. Pretax profit increased to NT$148.98 million (US$5.03 million) last month, with profit in the first eight months of the year totaling NT$1.21 billion, the company said in a filing to the Taiwan Stock Exchange. Tong Yang expects sales to grow next quarter from this quarter on rising aftermarket sales in the winter and traveling demand during the Christmas season, after total revenue grew 14.06 percent to NT$11.18 billion in the first eight months.

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