Wistron Information Technology & Services Corp (WITSC, 緯創軟體) yesterday launched its first mobile app, Witsmart, bundled with a ZTE Corp (中興通訊) smartphone, in an attempt to expand the company’s customer base beyond corporate clients.
The company, 36 percent owned by notebook PC maker Wistron Corp (緯創), mainly provides consulting and information technology outsourcing services to companies including IBM Corp and Apple Inc.
“We expect the app business to be profitable this year,” WITSC CEO Ching Hsiao (蕭清志) told reporters after the product’s launch, citing robust demand for mobile entertainment apps.
Hsiao said Witsmart offers a free year of Fox International TV programming to users of ZTE’s Blade S6 Plus smartphone in Taiwan.
The app allows users to browse and make purchases, Hsiao said, adding that the nation’s leading online shopping firms, PChome Online Inc (網路家庭) and Eastern Home Shopping & Leisure Co (東森得易購), have joined the platform.
Chief financial officer Vincent Lee (李文詳) said ZTE is to share revenue with WITSC for every Blade S6 Plus sold in Taiwan, while the firm plans to charge the online shopping companies slotting fees for their goods to be featured in Witsmart.
Apart from ZTE, the company also plans to seek partnerships with other smartphone makers, Lee said, declining to disclose a timetable for the potential partnerships.
The company plans to launch the app in the Google Play store by the end of this year and in the Apple App Store next year, he added.
Hsiao said WITSC expects revenue this year to grow by 15 percent to 20 percent from last year’s NT$2.48 billion (US$79.8 million).
The company’s revenue in the first five months of this year totaled NT$1.02 billion, up 3.37 percent from the same period last year, according to the company’s filing with the Taiwan Stock Exchange.
In the first quarter of this year, the company saw net income decline by 4.23 percent to NT$26.88 million from NT$28.07 million in the same period last year, with earnings per share of NT$0.63, a drop from last year’s NT$0.66.
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
‘SHORT TERM’: The local currency would likely remain strong in the near term, driven by anticipated US trade pressure, capital inflows and expectations of a US Fed rate cut The US dollar is expected to fall below NT$30 in the near term, as traders anticipate increased pressure from Washington for Taiwan to allow the New Taiwan dollar to appreciate, Cathay United Bank (國泰世華銀行) chief economist Lin Chi-chao (林啟超) said. Following a sharp drop in the greenback against the NT dollar on Friday, Lin told the Central News Agency that the local currency is likely to remain strong in the short term, driven in part by market psychology surrounding anticipated US policy pressure. On Friday, the US dollar fell NT$0.953, or 3.07 percent, closing at NT$31.064 — its lowest level since Jan.
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