Largan Posts Seventh Consecutive Month of Revenue Growth
By Lisa Wang / Journalist
Largan Precision Co (大 立 光), a leading supplier of camera lenses for iPhones from Apple Inc, yesterday announced that last month’s revenue reached $ 4.5 billion NT (US $ 162.92 million) – the seventh consecutive month of increase – up 3.45% month-on-month. months, but down 8.33% year-over-year.
In terms of shipments, lenses for products of 10 megapixels or more made up the largest portion with 50 to 60 percent, the company said in a statement.
In the last quarter, revenue increased 8.97% to NT $ 13.05 billion from NT $ 11.98 billion in the third quarter. Revenue for the whole of last year fell for the second year in a row to NT $ 46.96 billion, down 16% from NT $ 55.94 billion.
Photo: David Chang, EPA-EFE
“Last quarter revenue is broadly in line with company expectations,” a Largan official said by phone. “Compared to December, January could be a weaker month due to seasonal factors. “
Largan has created a new subsidiary, Largan Industrial Optics Co (大 根 光學), to expand into the automotive sector, especially electric vehicles, he said, without giving further details.
The company reportedly recruited a former executive from Lite-On Technology Corp’s (光 寶 科技) camera module unit to head the unit.
Separately, iPhone assembler Hon Hai Precision Industry Co (鴻海 精密) reported that last month’s revenue increased 6.27% month-on-month to NT $ 660.68 billion from NT $ 621 billion. , NT $ 71 billion in November, exceeding company expectations.
On an annual basis, revenue for the last month fell 7.44%, from NT $ 713.78 billion a year earlier, the company added.
This was the third-highest revenue in the company’s history in December, with all of its major product lines growing, Hon Hai said in a statement.
“While major supply chains have improved faster than expected, demand for smart consumer products has continued to be robust,” Hon Hai said.
The growth momentum “has also generated a strong demand for IT products,” he added.
Emerging metaverse applications have increased the demand for cloud-based data storage and computing, which has boosted its server revenues to around NT $ 1,000 billion for the whole of last year, said Hon Hai.
Sales for the fourth quarter of last year jumped 30.6% quarter-on-quarter to NT $ 1.8 trillion, the second highest in the company’s history. On an annual basis, revenue fell 8.69%.
Revenue for the whole of last year jumped 10.86% to NT $ 5.94 trillion from NT $ 5.36 trillion in 2020, exceeding company expectations and Analysts’ forecasts, intelligent consumer products showing the highest growth, Hon Hai said.
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