Apple foundry Pegatron reported January revenue of NT$124.608 billion (currently about RMB 28.161 billion), up 10.50 percent sequentially and 1.19 percent year-over-year, a record high for the same period last year and better than market expectations, according to financial data.
Pegatron pointed out that the increase in revenue in January was mainly due to the communication business. According to Taiwan’s Economic Daily, the market expects that Pegatron’s revenue will rise against the trend in January this year, mainly due to the drive of the old Apple iPhone 13 and the transfer of some iPhone 14 Pro orders.
In addition, Pegatron shipped 350,000 to 400,000 notebook computers in January, a decrease of 30% month-on-month and 50% year-on-year, mainly due to fewer working days and traditional seasonal off-season factors. Looking forward to this year, Pegatron believes that overall operations will grow slightly, but new businesses such as automotive electronics and communication products are expected to continue to grow.
Taiwanese media pointed out that Pegatron initially received some iPhone 14 and iPhone 14 Plus assembly orders from Apple last year, and was the main foundry for the iPhone 14 Plus. However, under Apple’s pricing strategy error, the sales of iPhone 14 Plus were poor, which also dragged down the performance of the main foundry Pegatron in the fourth quarter of last year.
When the iPhone 14 Pro and iPhone 14 Pro Max production capacity of Foxconn, the largest iPhone foundry, was affected, Apple released some high-end orders to Pegatron and Luxshare Precision to avoid production risks.
For the first quarter of this year, Pegatron said that it expects the performance of the communications business (which is mainly iPhone assembly) this quarter will be “not weak in the off-season”, which is the same as the revenue performance in the fourth quarter of last year.
