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.
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
United Microelectronics Corp (UMC, 聯電) forecast that its wafer shipments this quarter would grow up to 7 percent sequentially and the factory utilization rate would rise to 75 percent, indicating that customers did not alter their ordering behavior due to the US President Donald Trump’s capricious US tariff policies. However, the uncertainty about US tariffs has weighed on the chipmaker’s business visibility for the second half of this year, UMC chief financial officer Liu Chi-tung (劉啟東) said at an online earnings conference yesterday. “Although the escalating trade tensions and global tariff policies have increased uncertainty in the semiconductor industry, we have not
RSS