Largan forecasts shipments to increase

DUALITY:While launches of smartphones with dual cameras is expected to boost shipments, sustaining a good yield rate is difficult due to demands for higher quality

Taipei Times
Date: Jun 09, 2016
By: Lauly Li / Staff reporter, In TAICHUNG

Smartphone camera lens supplier Largan Precision Co (大立光) yesterday said shipments would grow in the next two months, as clients are slated to launch new smartphones equipped with dual cameras.

“This month’s shipments will be better than last month’s and I expect clients to make more shipment requests next month,” Largan CEO Adam Lin (林恩平) told a media briefing after the company’s annual general meeting at its headquarters in Taichung.

Consolidated revenue last month rose 8 percent month-on-month, but dropped 24 percent year-on-year to NT$3.36 billion (US$104.27 million), according to company statistics.

Analysts attributed the monthly increase in revenue to increased handset shipments from clients other than Apple Inc and strong sales of some high-end models featuring dual cameras.     [FULL  STORY]

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