Whether sales of Apple Inc’s iPhone 7 models improve on those of previous versions remains to be seen, but it has already benefited two local assemblers, their improved revenues for last month show.
Pegatron Corp (和碩) and Hon Hai Precision Industry Co (鴻海精密) yesterday both reported steep monthly revenue increases for last month, on the back of iPhone 7 sales.
Pegatron’s revenues jumped to NT$151.03 billion (US$4.78 billion) last month, a monthly gain of 82.83 percent, its highest figure for 10 months.
That brought Pegatron’s quarterly revenues to a better-than-expected NT$316.05 billion, a 2.1 percent year-on-year increase and a 40.68 percent quarterly surge.
“The quarterly result exceeded the company’s expectations, and was mainly due to stronger-than-expected demand for communications products,” a Pegatron investors relations official said by telephone.
Pegatron’s communication segment includes the smartphone assembly business.
Consumer electronics goods, especially game consoles, also lent support to last quarter’s sales performance, the official said.
She said the demand for motherboards and desktops surpassed Pegatron’s predictions, with shipments growing by between 6 percent and 7 percent last quarter, contrasting with last quarter’s declines of between 10 percent and 15 percent.
Pegatron said it foresees revenues will continue to increase this quarter during the peak season for communications products and consumer electronics goods, such as notebooks and game consoles.
The company’s accumulative revenue totaled NT$797.57 billion in the first nine months of this year, a 0.46 percent fall from last year’s NT$801.28 billion.
Hon Hai’s revenues climbed 49.78 percent month-on-month to NT$468.36 billion last month, its best results over the same period in the company’s history, according to the firm’s filing with the Taiwan Stock Exchange.
“Revenue growth last month was supported by robust demand for consumer electronics products,” Hon Hai said.
The iPhone assembling business is part of Hon Hai’s consumer electronics segment.
Hon Hai said that while demand for consumer electronics goods was strong last month, orders for computing and communication products were flat from last month.
Last month’s sales figures helped Hon Hai’s quarterly revenues to reach a record high of NT$1.07 trillion in the quarter ending Sept. 30, representing a year-on-year increase of 1.32 percent and a quarterly rise of 16.46 percent, the filing showed.
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
RECORD-BREAKING: TSMC’s net profit last quarter beat market expectations by expanding 8.9% and it was the best first-quarter profit in the chipmaker’s history Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which counts Nvidia Corp as a key customer, yesterday said that artificial intelligence (AI) server chip revenue is set to more than double this year from last year amid rising demand. The chipmaker expects the growth momentum to continue in the next five years with an annual compound growth rate of 50 percent, TSMC chief executive officer C.C. Wei (魏哲家) told investors yesterday. By 2028, AI chips’ contribution to revenue would climb to about 20 percent from a percentage in the low teens, Wei said. “Almost all the AI innovators are working with TSMC to address the
FUTURE PLANS: Although the electric vehicle market is getting more competitive, Hon Hai would stick to its goal of seizing a 5 percent share globally, Young Liu said Hon Hai Precision Industry Co (鴻海精密), a major iPhone assembler and supplier of artificial intelligence (AI) servers powered by Nvidia Corp’s chips, yesterday said it has introduced a rotating chief executive structure as part of the company’s efforts to cultivate future leaders and to enhance corporate governance. The 50-year-old contract electronics maker reported sizable revenue of NT$6.16 trillion (US$189.67 billion) last year. Hon Hai, also known as Foxconn Technology Group (富士康科技集團), has been under the control of one man almost since its inception. A rotating CEO system is a rarity among Taiwanese businesses. Hon Hai has given leaders of the company’s six