MacNN | Pegatron blames Q2 revenue decline on lower iPad mini demand
Mac News Network View: Standard | Headlines | Categorized | Slim
Mac News Network
Mac News iPod News Reviews Forums
 

Desktop Headlines
Pegatron blames Q2 revenue decline on lower iPad mini demand
Wednesday, May 8, 2013 @ 3:20pm

Asian supplier Pegatron is blaming an anticipated second-quarter revenue drop on falling iPad mini demand, Bloomberg reports. The company is predicting a 25 to 30 percent sequential dip in revenue, the worst the company has seen since a 37 percent slide in the fourth quarter of 2011. CEO Jason Cheng elaborates that the Mini represents over half of Pegatron's consumer electronics revenue, although devices like e-book readers, game consoles, and other tablets have seen declines as well.



Consumer electronics represented 36 percent of Pegatron's Q1 revenue. That business is, importantly, separate from the company's computing division, which manufactures notebook and desktop systems. It accounted for 40 percent of Q1 revenue, and Pegatron expects it to see a 5 to 10 percent increase in shipments by the end of Q2. The company's remaining business is in communications hardware, which is forecast to see revenues remain flat. The Mini has so far proven successful for Apple, but an initial rush of interest may be subsiding. Some shoppers have also been anticipating a second-generation model in the near future, and may be holding off on buying the current hardware. More recent predictions have called for a September refresh.

Comments on this Article
Print Friendly Version
Email to a Friend
Add MacNN to Your RSS Feeds
Buy from the Apple Store


Related Stories:

Today's MacNN Stories:

  • Hands On: iKlip Grip - 5:28 PM EST
  • Apple replaces flawed discoveryd in new OS X 10.10.4 beta release - 5:27 PM EST
  • Hands On: Kindo 1.0.1 (iOS) - 4:30 PM EST
  • Apple Game Roundup: Telltale comes to GOG, Pac-Man turns 35, more - 4:17 PM EST
  • Daily Deals: $150 500GB Samsung SSD, Acer monitor, GoPro bundle - 3:37 PM EST
  • Hands On: Movie Pass 2.0.7 (iOS, Android) - 3:24 PM EST
  • Ex-GT Advanced AZ Apple facility suffers roof fire, cause unknown - 3:21 PM EST
  • Hands On: Monodraw 1.0 (OS X) - 1:57 PM EST
  • Windows 10 mobile support increases, Cortana heading to iOS, Android - 12:57 PM EST
  • Jony Ive promoted to Chief Design Officer at Apple - 10:31 AM EST
  • MacPaw releases DevMate OS X app development and distribution tool - 9:39 AM EST
  • Acronis Access Connect for OS X, mobile released; replaces ExtremeZ-IP - 9:16 AM EST
  • Forums: Hard drive full query, hide the toolbar suggestions, and more - 8:50 AM EST
  • Apple deals: up to $350 off iMacs - 8:46 AM EST
  • Charter agrees to purchase Time Warner Cable for $55B - 8:34 AM EST
  • Hands On: Disk Cartography 1.1 (OS X) - 7:42 AM EST

    Today's iPodNN Stories:
  • Briefly: OnePlus announcement tease, Opera Max Android app update - 6:31 PM EST
  • Sony rebrands Japan's Xperia Z4 as Z3+ for global release - 6:44 AM EST
  • Oculus VR, founder sued for alleged use of confidential information - 9:20 PM EST
  • Google 'Project Fi' invites to be sent out by mid-summer - 5:04 PM EST
  • Android M could be revealed with fingerprint reader API next week - 12:36 PM EST
  • No comments posted on this story yet. Please post yours.
    Your Comments
    In order to post comments, you must be a registered member of the MacNN Forums and logged in. Please login with your MacNN Forums username and password.

    MacNN Forums Login:

    MacNN Forums Password:

    Not a member of the MacNN forums? Register now for free.