Inventec Corp (英業達), one of the two assemblers for Apple Inc’s HomePod, has started shipping the US company’s long-awaited “smart” speaker with an initial shipment of about 1 million units, industry sources said.
“The Taiwanese company has begun HomePod shipments. However, revenue contribution from the product to Inventec is expected to be limited this quarter, as the initial shipment is not large,” a source in HomePod’s supply chain told the Taipei Times by telephone on condition of anonymity.
Hon Hai Precision Industry Co (鴻海精密) is the other assembler of HomePods.
HomePod shipments this year are expected to reach between 10 million and 12 million units, with Inventec and Hon Hai each fulfilling half of the orders, the source said.
Apple unveiled its first voice-controlled smart speaker during the company’s Worldwide Developers Conference in June last year.
HomePod was previously scheduled to hit the markets before the end of last year, but Apple in November issued a statement saying that it needed more time before the product is ready for customers.
Apple at the time said the product would be available early this year in the US, UK and Australia. It did not specify a time frame.
The delay in HomePod’s launch was caused by the fine-tuning of software and hardware integration, said another industry source who also declined to be named due to the sensitivity of the issue.
As the companies in HomePod’s supply chain received a shipment notice from Apple at the beginning of this month, it is believed that the product is to hit the markets soon, the second source said.
Apple had not updated HomePod release information on its Web site as of yesterday.
Inventec and Hon Hai declined to comment on the matter.
In related news, Inventec said it expects revenue to contract by 15 percent this quarter from last quarter’s NT$132.66 billion (US$4.49 billion), as the industry enters a traditional slow season.
Inventec manufactures a wide range of electronics from notebook computers, servers and smartphones, to wearables and wireless earpieces.
In addition to HomePod, Inventec assembles Apple’s AirPod.
Shares of Inventec gained 0.43 percent to close at NT$23.3 in Taipei trading yesterday, while Hon Hai rose 1.63 percent to NT$93.3. The TAIEX rose 0.66 percent.
The London Metal Exchange (LME) discovered bags of stones instead of the nickel that underpinned a handful of its contracts at a warehouse in Rotterdam, the Netherlands, in a revelation that would deliver another blow to confidence in the embattled exchange. The amount of metal represents just 0.14 percent of live nickel inventories on the LME, worth about US$1.3 million at current prices, so the immediate effect on the metals markets is limited. However, the shock announcement has much wider implications. In an industry riddled with scandals, the LME’s contracts are viewed as unquestionably safe. The news that even a few of
Oil on Friday posted its worst weekly loss since the early months of the COVID-19 pandemic as banking turmoil poisoned investor sentiment. West Texas Intermediate for April delivery dropped 2.36 percent to US$66.74 per barrel, falling 12.96 percent for the week, the largest drop in almost three years. Brent crude for May delivery fell 2.32 percent to US$72.97, posting a weekly loss of 11.85 percent. The failure of Silicon Valley Bank and troubles at Credit Suisse Group AG drove investors from risk assets, with oil-options covering accelerating the sell-off. “Crude action this week reminded many of how quickly the commodity can be decimated by
Singapore pushed New York off the top spot for the strongest growth in residential rents in the final quarter of last year, fueled by a supply crunch and strong demand. The city-state saw annual rents jump 28 percent in the quarter from a year earlier, Knight Frank said in a report. New York followed with 19 percent growth, while London and Toronto took the third and fourth spots, a survey of prime residential rents across 10 cities showed. Singapore’s soaring rents — driven partly due to a lack of supply of new housing during the COVID-19 pandemic — have been a source of
US-based mobile chip designer Qualcomm Inc yesterday opened a manufacturing engineering and testing center in Hsinchu, expanding its presence in Taiwan. Qualcomm also expects to accelerate its purchases in Taiwan, which already rose to NT$240 billion (US$7.9 billion) last year, up from NT$90 billion five years earlier, and should hit NT$300 billion next year. The center is to provide services for the supply chain in the semiconductor industry, Roawen Chen (陳若文), senior vice president and chief supply chain and operations officer of Qualcomm, said at the facility’s inauguration ceremony. It is Qualcomm’s largest and most advanced engineering testing center outside of the company’s
RSS