By: Chang Chien-chung and Frances Huang
In a statement, Largan said it posted NT$5.24 billion (US$184 million) in consolidated sales in November, the 2nd highest this year after NT$5.44 billion in March, and up 2 percent from NT$5.14 billion seen in October.
However, November sales were down 21 percent from a year earlier, and analysts said the decline largely reflected a loss of orders from China's smartphone brand Huawei Technologies Inc., which faced sanctions imposed by the United States in mid-September.
Largan said although its clients have brought new products to market, the COVID-19 pandemic has still impacted the global market, prompting some clients to cut orders, which resulted in the moderate month-on-month sales increase in November despite the presence of the latest iPhones. [FULL STORY]