HON HAI RECORD: The iPhone assembler posted revenue of NT$386.98 billion for last month, thanks to iPhone SE sales, with consumer electronics the top contributor
Taipei Times
Date: Jun 06, 2020
By: Natasha Li / Staff reporter
Handset camera lens manufacturer Largan Precision Co (大立光) yesterday posted a 23.01 percent year-on-year drop in sales for last month, marking the company’s second consecutive month of annual declines.
In line with the company’s expectation of a gradual monthly decline this quarter, Largan’s sales slipped 17.31 percent to NT$3.87 billion (US$129.7 million) last month from NT$4.68 billion in April amid strong market uncertainty fostered by the COVID-19 pandemic.
This bucks what is typically a seasonal uptrend, as monthly sales usually increase from March onward as companies move to restock inventories ahead of new product launches in the third quarter.
Apple Inc, one of Largan’s largest clients, is reportedly delaying the launch of its iPhone 12 series planned for September. [FULL STORY]