WSJ: Apple’s iPhone 5c Orders Help Push Pegatron Earnings Up 22%
Apple’s iPhone 5c and iPad mini assembly partner, Pegatron, has posted a 22% growth in revenue for the fourth quarter, reports the Wall Street Journal. The jump has the potential to signal stronger-than-expected iPhone 5c sales.
Today the company posted its fourth-quarter earnings, revealing that revenue was driven by mobile devices – smartphones, tablets, and game consoles – while revenue was down from PCs and other consumer products such as TVs.
Although a long-time partner, this was the first time Pegatron was in charge of manufacturing a new iPhone model, the 5C. Now, considering that Apple’s orders account for about 40% of Pegatron’s revenue – as estimated by KGI Securities analyst Angela Hsiang – the 22% growth is attributed in part to the strengthened partnership with the Cupertino-based company.
Looking forward, Pegatron projects a drop in mobile device shipments for the first quarter by 15%–20%, and a 20%–25% drop in shipments of notebook PCs.