Lite-On forecasts mild growth amid weak demand

RESILIENT:The electronics component maker expects power supplies, commercial LED lighting and cloud-computing related equipment to drive expansion this quarter

Taipei Times
Date: Aug 12, 2015
By: Ted Chen  /  Staff reporter

Electronics component maker Lite-On Technology Corp (光寶科技) yesterday said it is expecting moderate growth in sales and net income of up to 5 percent this quarter, after weakening demand and diminished operating scale dragged on performance last quarter.

“Growth this quarter will be driven by product mix segments that are more resilient against cyclical factors and industry downturns, such as power supplies, commercial LED lighting and enclosures and management systems for cloud-computing servers,” Lite-On CEO Warren Chen (陳廣中) told an investors’ conference.

The company is expecting a wave of new mobile devices scheduled to be released this quarter to propel sales for high-end camera modules, while the July-to-September period — the traditional high season for video games — is expected to see a rise in optical drive sales.     [FULL  STORY]

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