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Lite-On Technology November Sales Down on Lukewarm ICT Demand
December 15, 2015 | Lite-On TechnologyEstimated reading time: Less than a minute
Lite-On Technology has reported November consolidated revenue of NT$18.82 billion ($574.46 million), down by 5% from the previous month and a decline of 6% from last year. Cumulative sales for January to November totaled NT$197.76 billion, lower than the same period last year due to the global lukewarm ICT demand this year.
The Optoelectronics business segment contributed 24% share of Lite-On's overall revenue. Thanks to the increased demand, the LED vehicle Lighting segment posted a revenue growth of over 30% YoY in November.
Lite-On's Information Technologies business segment posted a revenue growth 3% YoY, of which Power systems’ November revenue grew approximately 10% YoY, driven by increases in global demand for server and networking power management systems in cloud computing and mobile devices.
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