Slump in iPhone Demand Hits Lens Maker Largan's December Sales
- Company expects January revenue to remain "flattish"
- Analyst says China smartphones offset some Apple weakness
An Apple Inc. iPhone XS smartphone in California, on Sept. 12, 2018.
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Largan Precision Co., which supplies camera lenses to Apple Inc., said revenue in December fell by a third amid weakening appetite for iPhones in China.
Sales dropped 33.9 percent from a year to NT$3.23 billion ($104.9 million), and were in line with Largan’s estimates, a company spokeswoman said on Saturday. The company, which also makes lenses for Huawei Technologies Ltd. and Samsung Electronics Co., said revenue in January is expected to be "flattish from the previous month.”