Headset maker Merry looking to improved revenues and profits starting 2Q09
Merry Electronics expects its revenues and gross margin to improve significantly starting the second quarter thanks to shipments of new products and non-handset related devices, according to company vice president Tseng Chin-tang.
The company posted net profits of NT$6.58 million (US$20 million), or NT$0.04 per share, for the first quarter of 2009. Gross margin stood at 16.2%, down 2.51pp from the previous quarter, according to company data.
While shipments of hands-free and Bluetooth headsets are set to increase significantly starting the second quarter, the company will also see its shipments of hands-free headsets for PCs and digital gaming machines as well as high-power speakers for digital media players, DSCs, netbooks and LCD TVs grow rapidly, Tseng said.
The portion of non-handset related devices to overall revenues will reach 2-4% in the second quarter and further climb to 10% in the fourth quarter, Tseng estimated.
Merry's speakers and Bluetooth headsets have also made inroads into the handset supply chains of China-based Huawei Technologies and ZTE, with prospects of seeing China revenues make up 5-7% of its total revenues in the second quarter compared to less than 2% in the first quarter, according to a Chinese-language Economic Daily News (EDN) report.
source
The company posted net profits of NT$6.58 million (US$20 million), or NT$0.04 per share, for the first quarter of 2009. Gross margin stood at 16.2%, down 2.51pp from the previous quarter, according to company data.
While shipments of hands-free and Bluetooth headsets are set to increase significantly starting the second quarter, the company will also see its shipments of hands-free headsets for PCs and digital gaming machines as well as high-power speakers for digital media players, DSCs, netbooks and LCD TVs grow rapidly, Tseng said.
The portion of non-handset related devices to overall revenues will reach 2-4% in the second quarter and further climb to 10% in the fourth quarter, Tseng estimated.
Merry's speakers and Bluetooth headsets have also made inroads into the handset supply chains of China-based Huawei Technologies and ZTE, with prospects of seeing China revenues make up 5-7% of its total revenues in the second quarter compared to less than 2% in the first quarter, according to a Chinese-language Economic Daily News (EDN) report.
source
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