SALES SLUMP: The iPhone assembler expects revenue to drop sharply this quarter as the electronics sector enters its slack season and given a high base last quarter
Date: Mar 15, 2019
By: Lisa Wang / Staff reporter
Pegatron Corp (和碩), one of Apple Inc’s iPhone assemblers, yesterday said that net profit for last quarter shrank 12.2 percent annually as higher manufacturing costs for the new iPhone XR squeezed margins.
Net profit slumped to NT$3.27 billion (US$105.82 million) in the quarter that ended on Dec. 31 last year, from NT$3.73 billion three months earlier.
Earnings per share (EPS) dropped to NT$1.25 from NT$1.42.
Gross margin slid to 2.6 percent last quarter, hitting the lowest level since the final quarter of 2015, the company said. [FULL STORY]