Taipei, Aug. 7 (CNA) Acer Inc., one of the leading PC brands in Taiwan, took the title as the world's third largest Chromebook vendor in the second quarter of this year, according to American market information advisory firm International Data Corp. (IDC).
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Largan shares under pressure on Q2 results
07/09/2021 11:03 AM
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Taipei, July 9 (CNA) Shares of Largan Precision Co., a supplier of smartphone camera lenses to Apple Inc., came under heavy downward pressure Friday morning in the wake of a plunge in net profit in the second quarter of this year, dealers said.
As of 10:02 a.m., Largan s share price had lost 4.76 percent, falling to NT$3,000.00 (US$107) per share, with 572,000 shares changing hands on the Taiwan Stock Exchange, where the weighted index fell 1.26 percent to 17,641.04 points.
Soon after the local equity market opened, Largan shares faced sell-off as investors were motivated to dump the stock due to the company s weakening bottom line for the April-June period, as disclosed in an investors conference held on Thursday.
Largan Precision Co (大立光), a supplier of smartphone camera lenses to Apple Inc, said on Saturday that its sales last month fell from a month earlier because of a continued shortage of materials needed for production.
Largan posted NT$3.359 billion (US$121.17 million) in consolidated sales, down 1 percent from a month earlier and 13 percent from a year earlier, it said in a statement.
It was the fourth straight month in which the company reported a year-on-year double-digit percentage decline in sales.
The firm’s weaker sales echoed comments made by Largan chief executive officer Adam Lin (林恩平) earlier this year, when he
Taipei, June 5 (CNA) Largan Precision Co., a supplier of smartphone camera lenses to Apple Inc., said Saturday that its May sales fell from a month earlier because of a continued shortage of materials needed for its production.