TAIPEI: Pegatron Corp, one of Apple Inc’s iPhone assemblers, yesterday said its sales plunged 30.77 percent monthly to NT$121.35 billion (US$3.67 billion) last month, mainly because of a higher sales performances base in previous months.
“Shipment requests in September and October were strong, so the scale of the monthly decline in sales last month was significant. However, the result still represented a 2.72 percent annual increase,” said a Pegatron investor relations official, who declined to be named.
Despite the drop in sales month-on-month, the official said the firm has retained its sales guidance for its overall performance this quarter.
Notebook shipments are expected to increase 25 percent from a quarter earlier, while shipments of motherboards and desktops are both expected to climb by between 10 percent and 15 percent quarterly, she said.
However, the official declined to comment on demand in Pegatron’s communications segment — which includes the firm’s iPhone assembling business.
Pegatron chairman Tung Tzu-hsien said that the combined demand for new and old iPhone models has not diminished and the company’s combined orders for new and old iPhones have mostly increased from last year.
CONTINUED STRENGTH
Daiwa Capital Markets on Wednesday said Pegatron’s revenue momentum would remain strong this quarter on the back of seasonal demand for iPhone products.
Daiwa said it expects the company’s quarterly revenue to reach NT$398 billion, up 28 percent from NT$311.84 billion last quarter.
Pegatron’s combined revenue from January to last month was NT$1.09 trillion, up 21.33 percent from NT$904.93 billion in the same period last year.
Another iPhone assembler, Hon Hai Precision Industry Co, yesterday said its revenue climbed 0.53 percent annually and 2.89 percent monthly to NT$517.51 billion last month.
Hon Hai’s sales last month marked the highest monthly performance in the company’s history, according to its filings with the Taiwan Stock Exchange.
Hon Hai said demand in its consumer electronics and computing segments were strong last month, while demand in the communications segment was nearly flat from the previous month.
Daiwa forecast that Hon Hai’s revenue could jump 33 percent quarterly to NT$1.4 trillion this quarter, on a ramp-up of iPhone 6 shipments and the mass production of the iPad Pro.
HON HAI REVENUE
In the first 11 months of the year, Hon Hai’s combined revenue totaled NT$4.07 trillion, growing 10.19 percent from last year’s NT$3.69 billion.
