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Zhen Ding, Flexium Revenues Disappoint
August 17, 2016 | DigitimesEstimated reading time: Less than a minute
Disappointing sales of the iPhone 6s during the first half of 2016 and lower-than-expected orders for the upcoming 7 series are negatively affecting sales at flexible PCB (FPCB) suppliers Zhen Ding Technology Holding and Flexium Interconnect, according to a Digitimes report.
Zhen Ding saw its revenues for the first half of 2016 fall 16% from a year earlier. Though the company's revenues started to grow in July, its 2016 revenues through the month still registered a more than 10% on-year decrease, the observers said. Also a FPCB supplier for iPhones, Flexium saw its sales rebound starting July, the observers indicated.
Zhen Ding and Flexium both had impressive revenue and profit results for 2015 thanks to strong sales of the iPhone 6 series. Digitimes notes that despite a strong full-year 2015, disappointing sales of the iPhone 6s have already dragged down the companies' sales performance since November.
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