Smartphone camera lens maker Largan Precision Co (大立光) is expected to see its strong revenue momentum continue into the first quarter of next year after posting its highest revenue in 46 months, a renowned Apple Inc analyst said last week.
The company’s bottom line would also see significant improvement due to a price increase in the tetraprism telephoto lens for the iPhone 15 Pro Max and its better yield rates for producing new specification lenses in the fourth quarter, TF International Securities Group Co (天風國際證券) analyst Kuo Ming-chi (郭明錤) wrote on X, formerly known as Twitter, on Friday.
TETRAPRISM LENSES
Photo: Chen Mei-ying, Taipei Times
Largan’s advanced tetraprism design helps Apple to extend optical zoom to five times on the iPhone 15 Pro Max camera system, market watchers said, adding that the upcoming iPhone 16 Pro models next year could have similar tetraprism lenses.
Largan on Thursday reported last month’s consolidated revenue rose 22.6 percent from the previous month, up 9.2 percent year-on-year to NT$5.57 billion (US$172.9 million).
Last month’s revenue represents the company’s highest monthly figure since November 2019, when it posted NT$6.66 billion in revenue, which Kuo attributed to the contribution from Apple’s iPhone 15 Pro Max and Chinese telecom firm Huawei Technologies Co’s (華為) Mate 60 Pro.
Taichung-based Largan is a global company that designs, produces and assembles high-end optical lenses. It also counts Samsung Electronics Co and several Chinese brands among its major clients.
High-margin lenses of 20 megapixels or more for smartphone cameras accounted for 10 to 20 percent of the company’s total sales last month, Largan said in a statement.
The majority, or 50 to 60 percent, came from sales of 10-megapixel lenses, while 8-megapixel lenses contributed less than 10 percent, it said.
Largan’s third-quarter revenue came in at NT$13.63 billion, an increase of 66 percent from the previous quarter, and 1 percent higher than a year earlier.
The company said revenue for this month would continue to rise amid higher demand from clients.
Cumulative revenue in the first three quarters totaled NT$30.94 billion, down 6.99 percent from the same period last year, it said.
“Largan’s main growth drivers in 2024 will come from two iPhone 16 Pro models adopting tetraprism lenses, and the significant upgrade of Huawei’s high-end phone lens specifications,” Kuo wrote.
The company is to hold an investors’ conference on Thursday to share detailed financial figures for last quarter and its business outlook for this quarter, as well as an update on new production lines in Taiwan.
JITTERS: Nexperia has a 20 percent market share for chips powering simpler features such as window controls, and changing supply chains could take years European carmakers are looking into ways to scratch components made with parts from China, spooked by deepening geopolitical spats playing out through chipmaker Nexperia BV and Beijing’s export controls on rare earths. To protect operations from trade ructions, several automakers are pushing major suppliers to find permanent alternatives to Chinese semiconductors, people familiar with the matter said. The industry is considering broader changes to its supply chain to adapt to shifting geopolitics, Europe’s main suppliers lobby CLEPA head Matthias Zink said. “We had some indications already — questions like: ‘How can you supply me without this dependency on China?’” Zink, who also
At least US$50 million for the freedom of an Emirati sheikh: That is the king’s ransom paid two weeks ago to militants linked to al-Qaeda who are pushing to topple the Malian government and impose Islamic law. Alongside a crippling fuel blockade, the Group for the Support of Islam and Muslims (JNIM) has made kidnapping wealthy foreigners for a ransom a pillar of its strategy of “economic jihad.” Its goal: Oust the junta, which has struggled to contain Mali’s decade-long insurgency since taking power following back-to-back coups in 2020 and 2021, by scaring away investors and paralyzing the west African country’s economy.
Tax revenue from securities transactions last month increased 41.9 percent from a year earlier to NT$30.3 billion (US$975.8 million), rising on an annual basis for the third consecutive month and marking the highest for the month of October as Taiwanese stocks continued to perform strongly, data released by the Ministry of Finance showed yesterday. Last month, the TAIEX surged 2,412.81 points, or 9.34 percent, marking its largest-ever monthly rise for October as market sentiment was buoyed by a nearly 15 percent gain in contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which accounts for more than 40 percent of the
BUST FEARS: While a KMT legislator asked if an AI bubble could affect Taiwan, the DGBAS minister said the sector appears on track to continue growing The local property market has cooled down moderately following a series of credit control measures designed to contain speculation, the central bank said yesterday, while remaining tight-lipped about potential rule relaxations. Lawmakers in a meeting of the legislature’s Finance Committee voiced concerns to central bank officials that the credit control measures have adversely affected the government’s tax income and small and medium-sized property developers, with limited positive effects. Housing prices have been climbing since 2016, even when the central bank imposed its first set of control measures in 2020, Chinese Nationalist Party (KMT) Legislator Lo Ting-wei (羅廷瑋) said. “Since the second half of
RSS