Largan Precision Co (大立光), a supplier of smartphone camera lenses to Apple Inc, on Saturday reported that its sales for last month are its highest in 23 months after new phone launches increased orders.
The company posted NT$5.21 billion (US$161.88 million) in consolidated sales, up 24 percent from a year earlier and also up 2 percent from a month earlier, it said in a statement.
Last month’s sales were the company’s highest since November 2020, when its revenue was NT$5.24 billion, company data showed.
Photo: EPA-EFE
The rising sales momentum last month, a traditional peak season, largely came after Apple Inc’s launch of the iPhone 14 series in September, analysts said.
Largan is one of Apple’s largest suppliers.
Lenses with a resolution of 20 megapixels or more — a higher-margin product and one of Largan’s specialties — accounted for 10 to 20 percent of Largan’s sales last month, the company said.
Lenses of 10 to 20 megapixels accounted for 50 to 60 percent of Largan’s sales, 8 to 10 megapixel lenses comprised about 10 percent, and other products such as voice coil motors constituted 30 to 40 percent of sales, the company said.
In the first 10 months of this year, Largan’s consolidated sales stood at about NT$38.50 billion, up 1.02 percent from a year earlier, reversing a 2 percent year-on-year fall in the first nine months.
Sales for this month are expected to remain little changed from last month as clients continue to launch new smartphones, Largan said.
Largan shares rose 5.25 percent last week from the previous month, closing at NT$1,905 on Friday, after foreign institutional investors registered a net buy of its shares for five trading sessions in the week.
The increase outperformed the TAIEX, which rose by only 1.86 percent for the week.
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