Largan November sales hit 2nd highest level this year

Focus Taiwan
Date: 12/05/2020
By: Chang Chien-chung and Frances Huang

CNA file photo

Taipei, Dec. 5 (CNA) Largan Precision Co., a supplier of smartphone camera lenses to Apple Inc., reported its second highest monthly sales this year in November, up about 2 percent from a month earlier, with market analysts attributing the growth to the launch of the new iPhone 12 models in October.

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]

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