CHINESE AID: The firm plans to acquire an 82.5 percent stake in hearing aid supplier Austar, which it expects will help it quickly enter the US and other markets abroad

Taipei Times
Date: Feb 28, 2018
By: Staff writer

Audio electronics maker Merry Electronics Co (美律) yesterday said revenue would drop drastically this quarter as demand freezes due to the consumer electronics sector entering a slow season.

The seasonal weakness will take a heavy toll on headsets for entertainment devices and speakers for mobile phones, the two biggest revenue sources for Merry, in the first three months of this year, company spokesman Allen Huang (黃朝豊) told investors in Taipei.

“Revenue will hit the bottom in February,” he said. “First-quarter revenue will be flat, or slightly lower than in the same period last year.”

Merry posted NT$4.52 billion (US$154.64 million) in revenue for the first quarter of last year.    [FULL  STORY]