Largan sales drop on weak demand

WEATHERING THE STORM: A company spokeswoman said that revenue this month is expected to remain ‘flattish from last month,’ amid a reduction in orders from Apple

Taipei Times
Date: Jan 07, 2019
By: Staff writer, with CNA

Smartphone camera lens maker Largan Precision Co (大立光), a major supplier to Apple Inc, on Saturday reported a 19.49 percent drop in sales last month from a month earlier, which it said was due to weaker global demand.

Consolidated sales last month fell to NT$3.23 billion (US$104.66 million), the lowest since March last year, when they stood at NT$3.14 billion, Largan said in a statement.

The figure was a 33.86 percent decline from December 2017, the company said.

Largan’s 20 megapixel lenses and high-end models, which command higher prices, accounted for 10 to 20 percent of its total sales last month, while its 10 megapixel lenses made up 60 to 70 percent and 8 megapixel lenses 10 to 20 percent, Largan said.    [FULL  STORY]

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