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Largan records high sales in 23 months for phone orders

Largan records high sales in 23 months for phone orders

Largan records high sales in 23 months for phone orders

Largan Precision Co (大 立 光), a supplier of smartphone camera lenses to Apple Inc, said Saturday that its sales for the past month were the highest in 23 months after increasing orders for new phone launches.

The company said in a statement that the company recorded 5.21 billion Taiwan dollars (161.88 million US dollars) in consolidated sales, up 24 percent from the previous year, and also up 2 percent from the previous month.

The company’s data showed that last month’s sales were the highest since November 2020, when its revenue was NT$5.24 billion.

Photo: EPA-EFE

Analysts said the increased sales momentum last month, a traditional peak season, came largely after Apple launched the iPhone 14 series in September.

Largan is one of Apple’s largest suppliers.

The company said lenses of 20 megapixels or more — a higher margin product and one of Largan’s specialties — made up 10 to 20 percent of Largan’s sales last month.

The company said 10- to 20-megapixel lenses account for 50 to 60 percent of Largan’s sales, 8- to 10-megapixel lenses make up about 10 percent, and other products such as voice coil drives make up 30 to 40 percent of sales.

In the first 10 months of this year, Largan’s consolidated sales were about NT$38.50 billion, up 1.02 percent from the previous year, and down 2 percent year on year in the first nine months.

Larjan said sales for this month are expected to remain little changed from last month as customers continue to launch new smartphones.

Largan’s shares rose 5.25 percent last week from the previous month, to close at 1,905 New Taiwan dollars on Friday, after foreign institutional investors reported net purchases of its shares for five trading sessions in the week.

The increase outperformed the TAIEX, which rose just 1.86 percent for the week.

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