Competition for high-margin component orders heats up

Largan Precision, the world’s leading camera supplier for smartphones and lens supplier for Apple products, reported record high gross margins for the first quarter of 2017, showing the company’s strong competitive edge against a backdrop of component orders dominated by Foxconn and Pegatron.

Company seeks to increase focus on high-margin components

Foxconn Electronics, the world’s largest contract manufacturer and third largest technology company by revenue, reported net profits of NT$68.766 billion ($2.17 billion) for the fourth quarter of 2016, its highest ever quarterly level since being founded in February 1974.