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: Mazec – Handwriting Input Method (iOS) - 7:44 AM EST
  • Review: Dell AD211 Bluetooth speaker - 2:10 AM EST
  • Tim Cook: Apple World AIDS Day campaign raised $20 million - 1:24 AM EST
  • Hands On: Default Folder X (OS X) - 12:20 AM EST

    Today's iPodNN Stories:
  • Android Lollipop will get an update in Q1 of 2015 - 1:39 AM EST
  • Microsoft hits 1.5 million total Windows 10 'Insiders' - 11:40 PM EST
  • Sprint facing fines for charging customers for unwanted services - 8:01 PM EST
  • New Windows ransomware strain replicates like a virus - 5:30 PM EST
  • Threats issued by Sony hackers against 'The Interview' viewers [u] - 4:42 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.