Taiwan Business Quick Take

Staff writer, with CNA

Wed, Mar 11, 2015 - Page 14


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.