Largan suffers 30% drop in sales for December

The China Times
Date: January 6, 2016

TAIPEI — Smartphone camera lens supplier Largan Precision Co. (大立光) reported a 30-percent month-on-month decline in sales for December, with market analysts attributing the sharp fall to disappointing demand for the latest iPhone models.

Largan, which derives about 40 percent of its total revenue from Apple Inc., failed to reap significant benefits from the launch of the 4.7-inch iPhone 6s and the 5.5-inch iPhone 6s Plus which both hit the global market in September, analysts said.

In December, Largan’s consolidated sales stood at NT$3.98 billion (US$120 million), down about 30 percent from the NT$5.71 billion recorded in November. The December figure was also 31 percent lower than a year earlier, and marked the lowest level since February, when sales were reported at NT$2.62 billion.     [FULL  STORY]

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