Printer Friendly

Cheng Uei's revenues peak in August against GSEO's decline.

Taipei, Sept.13, 2012 (CENS)--The upcoming release of iPhone5 has not been kind to all component makers in Taiwan. Genius Electronic Optical Co., Ltd. (GSEO), an optical lens maker in Taiwan, saw revenues in August decline 0.57% month on month (MoM) to NT$865 million (US$28.83 million), lower than expected; while Cheng Uei Precision Industry Co., Ltd., a major Taiwanese supplier of connectors, saw revenues surge 21% MoM to NT$9.522 billion (US$317.4 million) and expects more growth in September.

Largan Precision Co., Ltd., another major maker of optical lens in Taiwan, secured most of iPhone5's high-end lens orders to hit NT$ 1.534 billion (US$51.13 million) in revenues, up 30% MoM to be the second highest on record.

Largan and GSEO are both major suppliers of iPhone lens, but iPhone5's broader lens specifications left GSEO behind Largan in product yield rate, hence the contrasting revenue performances.

An institutional investor indicated that iPhone5's connectors and connecting wires have been transformed from 30 pins to 19 pins, with significant price increase, benefiting Cheng Uei's gross profit margin in the third quarter. Besides, the firm expects to reach a new revenue high again in September with the upcoming traditional peak season for commercial electric appliances.
COPYRIGHT 2012 China Economic News Services
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Author:Wang, Andrew
Publication:The Taiwan Economic News
Article Type:Brief article
Geographic Code:9TAIW
Date:Sep 13, 2012
Previous Article:Asus of Taiwan expects Q3 revenues to surge 20%.
Next Article:Golf gear maker AIM of Taiwan expects 2012 revenues from its Vietnam plant to double from 2010.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters