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.
Alibaba Group Holding Ltd (阿里巴巴) founder Jack Ma (馬雲) has been living in Tokyo for almost six months after disappearing from public view following China’s crackdown on the tech sector, the Financial Times reported yesterday, citing multiple unnamed sources. The billionaire has kept a low profile since the crackdown, which has included Chinese regulators scrapping the initial public offering of Ma’s Ant Group Co (螞蟻集團) and issuing Alibaba with record fines. However, the Times said he has spent much of the past six months with his family in Tokyo and other parts of Japan, along with visits to the US and Israel. The
‘REVOLUTION’: Elon Musk complained over a 30 percent fee Apple collects on Apple Store transactions and said the technology company has stopped advertising on Twitter Twitter Inc owner Elon Musk on Monday opened fire against Apple Inc over its tight control of what is allowed on the App Store, saying the iPhone maker has threatened to oust his recently acquired social media platform. Musk also joined the chorus crying foul over a 30 percent fee Apple collects on transactions via its App Store — the sole gateway for applications to get onto its billion-plus mobile devices. A series of Twitter posts fired off by Musk included a meme of a car with his first name on it veering onto a highway off-ramp labeled “Go to War,” instead
GLOBAL EXPANSION: The manufacturer said it increased its stake in the Chinese unit to 1.5 billion yuan and started rolling out electric Lordstown trucks at its Ohio plant Hon Hai Precision Industry Co (鴻海精密) has increased its investments in the Czech Republic and China by more than NT$6 billion (US$196 million) as part of its global expansion. The company, known as Foxconn Technology Group (富士康科技集團) internationally, has also begun shipping electric pickup trucks produced for US brand Lordstown Motors Corp. In a Taiwan Stock Exchange filing on Friday, Hon Hai said it has raised investments in its Czech subsidiary Foxteq CZ by US$58.98 million through its PCE Paragon Solutions Kft unit. In the Czech Republic, Hon Hai has a research-and-development center and a product design center, and it assembles monitors, cellphones,
‘COMPETITIVE EDGE’: The local semiconductor sector would continue to outstrip the global industry, whose revenue is expected to contract 3.6 percent, ITRI said The production value of Taiwan’s semiconductor industry would expand 6.1 percent annually to about NT$5 trillion (US$161.5 billion) next year, as demand for advanced chips used in high-performance-computing and artificial intelligence devices are less prone to mounting inflation and external uncertainties, the Industrial Technology Research Institute (ITRI, 工研院) said yesterday. That means the local semiconductor sector would continue to outstrip the global semiconductor industry, whose output is expected to contract 3.6 percent annually to US$596 billion next year, Gartner Inc has said. However, ITRI’s latest forecast represents a downgrade from its previous projection of 10 percent growth, as demand for PCs,