Largan Precision Co (大立光), a supplier of smartphone camera lenses to Apple Inc, yesterday reported its largest rise in monthly sales in almost two years, with analysts attributing the growth to the recent launch of the iPhone 14 series.
The company posted NT$5.103 billion (US$161.7 million) in consolidated sales last month, the highest since November 2020, when its revenue was NT$5.24 billion.
Last month’s sales rose 22.31 percent from a year earlier and also grew 14 percent from a month earlier, helping Largan generate enough sales to top the NT$5 billion mark for the first time almost two years, company data showed.
Photo: Chen Mei-ying, Taipei Times
Apple’s worldwide launch of the iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max last month gave Largan a boost, analysts said.
Last month, lenses with a resolution of 20 megapixels or more — a higher-margin product and one of Largan’s specialties — accounted for 10 to 20 percent of total sales, the company said.
Lenses with 10-20 megapixels accounted for 50 to 60 percent of Largan’s sales, 8-10 megapixel lenses made up about 10 percent, and other products, such as voice coil motors, contributed 30 to 40 percent, it said.
In the third quarter of the year, Largan generated NT$13.48 billion in consolidated sales, up 39 percent from a quarter earlier and up 13 percent from a year earlier.
However, consolidated sales in the first nine months were down 2 percent from a year earlier to NT$33.29 billion, company data showed.
Largan said sales growth momentum this month is expected to come close to last month’s as its clients continued to place large orders.
Analysts said if Largan’s sales growth continues this month, its aggregate revenue in the first 10 months is expected to return to an upward trajectory.
Largan has scheduled an investors’ conference for Thursday next week to detail its third-quarter results and give guidance for the fourth quarter.
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