Merry Electronics expects its revenues and gross margin to improve significantly starting the second quarter thanks to shipments of new products and non-handset related devices, according to company vice president Tseng Chin-tang.
The company posted net profits of NT$6.58 million (US$20 million), or NT$0.04 per share, for the first quarter of 2009. Gross margin stood at 16.2%, down 2.51pp from the previous quarter, according to company data.
While shipments of hands-free and Bluetooth headsets are set to increase significantly starting the second quarter, the company will also see its shipments of hands-free headsets for PCs and digital gaming machines as well as high-power speakers for digital media players, DSCs, netbooks and LCD TVs grow rapidly, Tseng said.
The portion of non-handset related devices to overall revenues will reach 2-4% in the second quarter and further climb to 10% in the fourth quarter, Tseng estimated.
Merry's speakers and Bluetooth headsets have also made inroads into the handset supply chains of China-based Huawei Technologies and ZTE, with prospects of seeing China revenues make up 5-7% of its total revenues in the second quarter compared to less than 2% in the first quarter, according to a Chinese-language Economic Daily News (EDN) report.
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