SQUEEZED SUPPLIERS: The lensmaker saw revenue plunge 28% last month and forecast demand would stay weak this month, as Catcher, another Apple supplier, saw a 12% slide

Taipei Times
Date: Feb 06, 2018
By: Lisa Wang  /  Staff reporter

Apple Inc camera lenses supplier Largan Precision Co (大立光) last month saw its revenue slump to the worst in 13 months, which it yesterday attributed to tepid customer demand during the slow first quarter.

The decline matched the company’s earlier projection, boding ill for its first-quarter earnings, as Largan has said revenue could fall for a third consecutive month this month and prospects for next month remain murky.

Revenue plunged 28 percent to NT$3.51 billion (US$120 million) last month, from NT$4.88 billion in December last year, steeper than the 13 percent month-on-month fall in December last year.

Last month’s figure meant an annual contraction of 6.33 percent from NT$3.75 billion in January last year.    [FULL STORY]