Pegatron Technology saw its consolidated revenues for May drop 9.09% on month and 8.55% on year to reach NT$65.89 billion (US$2.2 billion), with combined consolidated revenues from January-May reaching NT$356.25 billion, down 0.7% on year.
Pegatron expects its motherboard/desktop shipments to drop 15-20% sequentially in the second quarter, notebook shipments to rise within 5% and non-PC business revenues to drop 5-10%. Some market watchers expect Pegatron's consolidated revenues for the second quarter to drop about 5% and the quarter will be the bottom of the year.
Pegatron had consolidated revenues of NT$218.74 billion for the first quarter, down 17.8% sequentially, but up 0.5% on year; net profits of NT$2.73 billion, down 19.1% sequentially, but up 18.5% on year and EPS of NT$1.18, lower than the NT$1.46 in the fourth quarter of 2013, but better than the NT$1.01 in the first quarter of 2013.
The market watchers believe Pegatron's performance will regain momentum starting August as the next-generation iPhone and iPad are expected to launch in September or October. |