Largan to see significant sales rebound

SPECIFICATIONS:Analysts said the boost to the firm’s revenue would be due to increased iPhone production and camera upgrades to new Android flagship models

Taipei Times
Date: Apr 13, 2015
By: Lauly Li  /  Staff reporter

Largan Precision Co (大立光), which supplies camera lens modules for Apple Inc’s iPhones, is likely to see a double-digit percentage rebound in sales this quarter on growing demand for smartphones from non-Apple clients, after posting weaker-than-expected sales for last quarter, analysts said last week.

Moreover, the company is to reap the most benefit from the smartphone industry’s aggressive camera specification upgrades and market share gains by Huawei Technologies Co (華為) and Xiaomi Corp (小米) in China and emerging markets, analysts said.

Largan is scheduled to host an investors’ conference on Thursday to offer its detailed financial results for the past quarter, as well as guidance for this quarter and the remaining quarters of the year.     [FULL  STORY]

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