AMONG PEERS: First-quarter revenue at other major contract electronics manufacturers also fell as the COVID-19 pandemic has delayed manufacturing and affected shipments

Taipei Times
Date: Apr 13, 2020
By: Chen Cheng-hui / Staff reporter

Pegatron Corp (和碩), one of Apple Inc’s iPhone assemblers, on Friday reported that first-quarter revenue declined 33.38 percent from the previous quarter and was 5.31 percent lower than a year earlier, reflecting lost sales due to the COVID-19 pandemic.

Consolidated revenue in the January-to-March period totaled NT$278.49 billion (US$9.25 billion), compared with NT$418.01 billion in the previous three months and NT$294.11 billion a year earlier, the electronics manufacturer said in a regulatory filing.

Last quarter’s figure was its lowest in nearly two years, but higher than the NT$274.4 billion Taishin Securities Investment Advisory Co (台新投顧) had estimated.

Apart from handsets, Pegatron manufactures notebook and desktop computers, wearable devices and game consoles, with major clients such as Apple, Sony Corp, Microsoft Corp and Asustek Computer Inc (華碩).    [FULL  STORY]