Hon Hai sales up on year
Hon Hai Precision Industry Co (鴻海精密), which is a major assembler of Apple Inc’s iPhones, reported monthly sales of NT$280.02 billion (US$8.87 billion) last month, up 7.44 percent from the previous year. The monthly figure dropped 41.41 percent from January’s NT$396 billion. Consolidated revenue reached to a new record of NT$676.02 billion in the first two months of this year, according to a filing with the Taiwan Stock Exchange. Quanta Computer Inc (廣達), which assembles Apple Inc’s latest products the Apple Watch and the 12-inch MacBook, yesterday reported a 20.64 percent annual decline in sales to NT$55.01 billion for last month. Revenue also contracted 21.54 percent from NT$70.12 billion in January. The company’s consolidated revenue totaled NT$125.14 billion in the first two months of this year, down 11.47 percent from the previous year.
TSMC predicts bumper year
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said that in the wake of a reduced number of working days last month, its sales fell 28.1 percent from January. The decline had been widely anticipated due to the first quarter being the slow season for the global semiconductor industry. Last month, TSMC’s consolidated sales totaled NT$62.65 billion, down from NT$87.12 billion in January. Last month’s figure was the lowest since June last year, when the chipmaker’s sales stood at NT$60.34 billion. However, with demand for mobile devices on the rise, last month’s sales grew 33.8 percent from the previous year and were the highest for month on record.
Apple tops phone sales list
Apple Inc ranked as the top smartphone seller in the nation in terms of both sales volume and value for the fourth consecutive month in January, thanks to strong demand for its iPhone 6 and 6 Plus models, according to statistics released yesterday by industry sources. A total of 798,000 smartphones were sold in January, up 1 percent from a month earlier, and Apple took a 24.6 percent share, the figures showed. HTC Corp (宏達電) was in second place with an 18.1 percent share by sales volume, while Samsung Electronics Co ranked third with a 13.3 percent share. Asustek Computer Inc (華碩) was fourth with 12.6 percent, while Sony Mobile was fifth with 8.4 percent.
H&M plans more stores
Hennes & Mauritz AB (H&M), a Swedish fast-fashion brand which opened its first shop in the nation last month, yesterday said that it plans to open another three stores in the second half of the year — in Taipei, Taichung and Kaohsiung. H&M, founded in 1947, has more than 3,500 stores in 55 markets worldwide.
CHT sees profit rise 3.4%
Chunhgwa Telecom Co (CHT, 中華電信) yesterday said its net profit grew 3.4 percent to NT$3.74 billion last month, compared with NT$3.61 billion in the same period last year. Revenue increased 4.3 percent to NT$19.09 billion from NT$18.29 billion a year ago. In the first two months, net profit rose 3.3 percent annually to NT$7.3 billion, accounting for 19 percent of the company’s forecast of NT$37.5 billion in net profit for this year. Taiwan Mobile Co (台灣大哥大) said net profit reached NT$1.15 billion last month on revenue of NT$9.47 billion. Far EasTone Telecommunications Co Ltd (遠傳電信) posted NT$994 million in net profit for last month.
PLANNED OUT: The government is lifting sale and export restrictions on 60% of the 20 million masks made daily, but people can still make purchases using their NHI cards Twenty thousand boxes of 50 masks each would be on sale at FamilyMart convenience stores starting tomorrow, Taiwan FamilyMart Co Ltd (全家便利商店) said yesterday. A box of 50 masks would cost NT$249 for those with FamilyMart memberships and NT$299 for those without, with no limits placed on how many boxes a person can buy, the company said. Convenience store chain operator Hi-Life International Co Ltd (萊爾富) said that it would also start selling masks from tomorrow. It has yet to announce details about prices and quantity. Hypermarket chain operator Carrefour Taiwan (家樂福) said that it would start selling packs of five
Delta Electronics Inc (台達電), the nation’s leading power management solutions provider, has signed an agreement to acquire Canadian software firm Trihedral Engineering Ltd to bolster its smart production efforts, it said on Saturday. Delta said in a statement that it would acquire Trihedral for C$45 million (US$32.68 million) through its 100 percent-owned subsidiary Delta Electronics (Netherlands) BV. Trihedral specializes in supervisory control and data acquisition (SCADA) and industrial Internet of Things software, which would strengthen Delta’s hardware offerings in fast-growing areas such as automation, artificial intelligence and data analytics, it said. “The collection, monitoring and analyzing of data are critical to Delta’s two
From the customer’s perspective, car rental is a straightforward business. The only uncertainty is whether the hire company will charge you for the scratch they discover when you hand back the vehicle. Hertz Global Holdings Inc’s bankruptcy protection filing on Friday last week was a reminder that today even the simplest business models are underpinned by a lot more financial complexity than meets the eye. The proximate cause of Hertz’s demise was of course the sudden collapse in bookings caused by COVID-19 travel restrictions. The company’s monthly revenue last month fell 73 percent year-on-year, a shortfall that even the most resilient
BOOSTING BUYING: A source said that the idea of pre-ordering vouchers online is being considered, but the preliminary plan is for people to buy them at post offices A stimulus voucher program to be rolled out next month to boost consumption would be available not only to Taiwanese, but also foreign nationals and Chinese spouses who hold residency permits, a source familiar with the matter said yesterday. The government is fine-tuning the details of the program, which involves issuing vouchers for in-store purchases to revive buying amid the COVID-19 pandemic. During a radio interview on Monday last week, National Development Council (NDC) Minister Kung Ming-hsin (龔明鑫) said that the plan is to allow anyone, regardless of age or income level, to buy NT$3,000 (US$99.89) worth of vouchers for