VR-DRIVEN HALF:Chief executive officer Jason Cheng said that second-half demand would be driven by product launches by clients, including orders for game consoles

Taipei Times
Date: Jun 22, 2016
By: Lauly Li / Staff reporter

Pegatron Corp’s (和碩) performance in the second half of this year is expected to grow from the first half on the back of clients’ planned product launches and a relatively low base in the first six months, a company executive said yesterday.

“The operations in the second half of this year will be much better than the first half, but the scale of the growth would become clearer in the next one or two months,” Pegatron chief executive officer Jason Cheng (程建中) told reporters after the firm’s annual shareholders’ meeting in Taipei.

Pegatron’s revenue depends largely on its smartphone assembling business, with the firm’s communications segment contributing as much as 61 percent of its total revenue in the first quarter of this year.

Pegatron, a major assembler of Apple Inc’s iPhones, saw combined revenue contract 8.15 percent year-on-year to NT$388.15 billion (US$12.03 billion) in the first five months, mainly due to sluggish iPhone 6S sales.     [FULL  STORY]