FALLING APPLE: The result came amid speculation that the iPhone X failed to spur replacement demand, which likely contributed to Catcher’s revenue also dropping
Taipei Times
Date: Jan 06, 2018
By: Lisa Wang / Staff reporter.
Largan Precision Co (大立光), which supplies camera lenses for Apple Inc’s iPhones, yesterday said that its revenue last month contracted 13 percent month-on-month, citing weak demand from certain clients.
The weakness came amid market speculation that Apple’s iPhone X failed to stimulate replacement demand, given its significant price tag.
Consolidated revenue last month fell to a five-month low of NT$4.88 billion (US$165.29 million), compared with NT$5.61 billion in November last year, the company said in a statement.
“The decline was due to slow customer demand, which largely matched the company’s expectations [for last month],” a Largan investor relations official said by telephone.
The Taichung-based firm had earlier issued guidance for a decline in revenue for last month as shipment momentum was losing steam after hitting its peak in November.
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