Boom in 4Q20 Revenue of Pegatron and Foxconn: Report

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  • Launch of new iPhone series is expected to escalate sales
  • Due to the pandemic the launches were delay, resulting in losses
  • Component makers have started shipping to clients
  • iPhone’s lens maker’s August return was estimated to be US$170 million

As the new iPhones 12 series is coming soon, Foxconn Electronics (Hon Hai) and Pegatron are expected to see their revenue peaks for 2020 in the fourth quarter, according to market sources.

The development of the next-generation iPhones was affected by the coronavirus pandemic, resulting in delays in their launches, but the smartphones are expected to make their debut in the fourth quarter, the sources said.

When is iPhone12 releasing?

Many component makers already have begun shipments for clients’ new smartphones in the third quarter, including Apple’s next-generation iPhones. Largan, reportedly a lens module maker for iPhone, saw its consolidated revenues for August return to above NT$5 billion (US$170 million).

Some market observers expect a 5.4-inch iPhone and a 6.1-inch model to become available in the early half of October, while another 6.1-inch version and 6.7-inch one will hit store shelves in the latter half.

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Pegatron’s consolidated revenues remained above NT$100 billion in August as the market has entered the traditional peak season in the third quarter. However, Pegatron remained cautious about the operation of its communications product business in the third quarter due to the delay in Apple launching the new iPhones, said the sources.

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