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.
purpose: Tesla’s CEO sought to meet senior Chinese officials to discuss the rollout of its ‘full self-driving’ software in China and approval to transfer data they had collected Tesla Inc CEO Elon Musk arrived in Beijing yesterday on an unannounced visit, where he is expected to meet senior officials to discuss the rollout of "full self-driving" (FSD) software and permission to transfer data overseas, according to a person with knowledge of the matter. Chinese state media reported that he met Premier Li Qiang (李強) in Beijing, during which Li told Musk that Tesla's development in China could be regarded as a successful example of US-China economic and trade cooperation. Musk confirmed his meeting with the premier yesterday with a post on social media platform X. "Honored to meet with Premier Li
ARTIFICIAL INTELLIGENCE: The chipmaker last month raised its capital spending by 28 percent for this year to NT$32 billion from a previous estimate of NT$25 billion Contract chipmaker Powerchip Semiconductor Manufacturing Corp (力積電子) yesterday launched a new 12-inch fab, tapping into advanced chip-on-wafer-on-substrate (CoWoS) packaging technology to support rising demand for artificial intelligence (AI) devices. Powerchip is to offer interposers, one of three parts in CoWoS packaging technology, with shipments scheduled for the second half of this year, Powerchip chairman Frank Huang (黃崇仁) told reporters on the sidelines of a fab inauguration ceremony in the Tongluo Science Park (銅鑼科學園區) in Miaoli County yesterday. “We are working with customers to supply CoWoS-related business, utilizing part of this new fab’s capacity,” Huang said, adding that Powerchip intended to bridge
Dutch brewing company Heineken NV on Friday announced an investment of NT$13.5 billion (US$414.62 million) over the next five years in Taiwan. The first multinational brewing company to operate in Taiwan, Heineken made the statement at a ceremony held at its brewery in Pingtung County. It also outlined its efforts to make the brewery “net zero” by 2030. Heineken has been in the Taiwanese market for 20 years, Heineken Taiwan managing director Jeff Wu (吳建甫) said. With strong support from local consumers, the Dutch brewery decided to transition from sales to manufacturing in the country, Wu said. Heineken assumed majority ownership and management rights
Microsoft Corp yesterday said that it would create Thailand’s first data center region to boost cloud and artificial intelligence (AI) infrastructure, promising AI training to more than 100,000 people to develop tech. Bangkok is a key economic player in Southeast Asia, but it has lagged behind Indonesia and Singapore when it comes to the tech industry. Thailand has an “incredible opportunity to build a digital-first, AI-powered future,” Microsoft chairman and chief executive officer Satya Nadella said at an event in Bangkok. Data center regions are physical locations that store computing infrastructure, allowing secure and reliable access to cloud platforms. The global embrace of AI