Smartphone camera lens maker Largan Precision Co (大立光) on Saturday reported that revenue last month dropped to the lowest in 36 months due to the slow season in the first quarter and fewer working days during the Lunar New Year holiday.
Consolidated revenue fell 30.05 percent month-on-month to NT$2.61 billion (US$92.8 million), the lowest since February 2019, when revenue declined to NT$2.53 billion, company data showed.
Last month’s figure was 18.7 percent lower than the NT$3.21 billion it posted a year earlier, the data showed.
The sales figure is largely in line with the Taichung-based company’s guidance.
On Jan. 13, Largan told an investors’
Largan Precision Co (大立光), a major camera lens supplier for Apple Inc’s iPhones, yesterday reported that revenue last month increased to NT$4.5 billion (US$162.92 million) the seventh consecutive month of increases up 3.45 percent month-on-month, but down 8.33 percent year-on-year.
In terms of shipments, lenses for products of 10 megapixels or more made up the biggest portion at 50 to 60 percent, the company said in a statement.
Last quarter, revenue increased 8.97 percent to NT$13.05 billion from NT$11.98 billion in the third quarter. Revenue for the whole of last year declined for a second straight year to NT$46.96
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