Largan expects February sales to dip

LOW VISIBILITY: Chief executive officer Adam Lin said that semiconductor scarcity remains severe and the company does not have a clear picture for March’s revenue

Taipei Times
Date: Jan 08, 2021
By: Lisa Wang / Staff reporter

Largan Precision Co’s hedquarters is pictured in Taichung on June 6 last year.
Photo: David Chang, EPA-EFE

Largan Precision Co (大立光), a major camera lens supplier to Apple Inc’s iPhones, yesterday said that it expects revenue to dip further next month, dampened by semiconductor supply constraints and fewer working days due to the Lunar New Year holiday.

As order visibility remains low, Largan cannot provide a clear business outlook for March and this quarter, Largan chief executive Adam Lin (林恩平) told an investors’ teleconference.

“It appears that January [revenue] will be weaker than December. February will be even lower due to the Lunar New Year holiday,” Lin said.

It is still premature to predict when revenue would return to monthly growth, he said.    [FULL  STORY]

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