INVENTORY-BUILDING: About 30 percent of the company’s production capacity was devoted to producing earlier-generation devices, which are believed to be iPhones
Date: Feb 13, 2018
By: Lauly Li / Staff reporter
Pegatron Corp (和碩), the second-largest assembler of Apple Inc’s iPhones, has reported revenue of NT$121.06 billion (US$4.1 billion) for last month, the highest January figure in the company’s history, driven by robust demand for the iPhone 8 and earlier iPhone models.
The figure represents 35.8 percent growth from NT$89.14 billion a year earlier.
On a monthly basis, revenue grew 36 percent from December last year’s NT$89.01 billion, the company’s filing with the Taiwan Stock Exchange showed.
“The strong revenue performance was fueled by Pegatron’s communications client’s inventory-building demand ahead of the Lunar New Year holiday,” a Pegatron investor relations official said by telephone yesterday. [FULL STORY]