Largan Precision Co (大立光), a supplier of smartphone camera lenses to Apple Inc, on Saturday reported that its sales for last month are its highest in 23 months after new phone launches increased orders.
The company posted NT$5.21 billion (US$161.88 million) in consolidated sales, up 24 percent from a year earlier and also up 2 percent from a month earlier, it said in a statement.
Last month’s sales were the company’s highest since November 2020, when its revenue was NT$5.24 billion, company data showed.
Photo: EPA-EFE
The rising sales momentum last month, a traditional peak season, largely came after Apple Inc’s launch of the iPhone 14 series in September, analysts said.
Largan is one of Apple’s largest suppliers.
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 Largan’s sales last month, the company said.
Lenses of 10 to 20 megapixels accounted for 50 to 60 percent of Largan’s sales, 8 to 10 megapixel lenses comprised about 10 percent, and other products such as voice coil motors constituted 30 to 40 percent of sales, the company said.
In the first 10 months of this year, Largan’s consolidated sales stood at about NT$38.50 billion, up 1.02 percent from a year earlier, reversing a 2 percent year-on-year fall in the first nine months.
Sales for this month are expected to remain little changed from last month as clients continue to launch new smartphones, Largan said.
Largan shares rose 5.25 percent last week from the previous month, closing at NT$1,905 on Friday, after foreign institutional investors registered a net buy of its shares for five trading sessions in the week.
The increase outperformed the TAIEX, which rose by only 1.86 percent for the week.
Taiwan’s rapidly aging population is fueling a sharp increase in homes occupied solely by elderly people, a trend that is reshaping the nation’s housing market and social fabric, real-estate brokers said yesterday. About 850,000 residences were occupied by elderly people in the first quarter, including 655,000 that housed only one resident, the Ministry of the Interior said. The figures have nearly doubled from a decade earlier, Great Home Realty Co (大家房屋) said, as people aged 65 and older now make up 20.8 percent of the population. “The so-called silver tsunami represents more than just a demographic shift — it could fundamentally redefine the
Businesses across the global semiconductor supply chain are bracing themselves for disruptions from an escalating trade war, after China imposed curbs on rare earth mineral exports and the US responded with additional tariffs and restrictions on software sales to the Asian nation. China’s restrictions, the most targeted move yet to limit supplies of rare earth materials, represent the first major attempt by Beijing to exercise long-arm jurisdiction over foreign companies to target the semiconductor industry, threatening to stall the chips powering the artificial intelligence (AI) boom. They prompted US President Donald Trump on Friday to announce that he would impose an additional
China Airlines Ltd (CAL, 中華航空) said it expects peak season effects in the fourth quarter to continue to boost demand for passenger flights and cargo services, after reporting its second-highest-ever September sales on Monday. The carrier said it posted NT$15.88 billion (US$517 million) in consolidated sales last month, trailing only September last year’s NT$16.01 billion. Last month, CAL generated NT$8.77 billion from its passenger flights and NT$5.37 billion from cargo services, it said. In the first nine months of this year, the carrier posted NT$154.93 billion in cumulative sales, up 2.62 percent from a year earlier, marking the second-highest level for the January-September
Asian e-commerce giant Shein’s (希音) decision to set up shop in a historic Parisian department store has ruffled feathers in the fashion capital. Anger has been boiling since Shein announced last week that it would open its first permanent physical store next month at BHV Marais, an iconic building that has stood across from Paris City Hall since 1856. The move prompted some French brands to announce they would leave BHV Marais, but the department store had already been losing tenants over late payments. Aime cosmetics line cofounder Mathilde Lacombe, whose brand was among those that decided to leave following
RSS