We have known for more than a week that Foxconn is already producing the iPhone 5 terminal in its own factories before the official launch that Apple is preparing to do again now we find out that the partners the company from Cupertino announces important receipts thanks to the new device. Largan Precision and TPK, suppliers of cameras and touch panels for iPhone terminals, announced substantial earnings in this fiscal quarter of 2011 thanks to the production of iPhone 5 terminals that Apple ordered.
The company's chief financial officer Freddie Liu attributed the better-than-expected revenue mainly to strong shipment of touch panels for use in iPhone 4, and implied that models for iPhone 5 have been heavily shipped this month. Driven by the upcoming iPhone 5, Liu mentioned, the company's sales revenue for the third quarter of this year is very likely to further grow from the second quarter to hit a record high, with gross profit rate to reach between 17% and 18% during the period.
The president of TPK announced an 18% increase in his company's profit in this fiscal quarter and all thanks to the touch panels delivered to Apple for the iPhone 5. The CEO suggests that in August he delivered important quantities of touch panels for a new device that Apple is going to launch it and of course it can only be about the iPhone 5. Largan Precision has announced a significant increase in the production of modules for 8 megapixel cameras, cameras that should end up in the iPhone 5 according to the latest rumors. Largan Precision is the company that supplied the camera modules for the iPhone 4 terminal and Apple seems to continue the collaboration for the iPhone 5, so we should have a much better camera in the new device.
The company confirmed that the revenue growth was mainly led by increasing shipment of 8-megapixel lens modules, a higher-end product also adopted in iPhone 5. Institutional investors projected that 8-megapixel lens modules will significantly increase in the third quarter to command nearly a 20% share of the company's overall shipment, serving as a business drive for the months to come.
The presentation of the iPhone 5 is approaching, Foxconn produces around 150.000 terminals daily and Apple should have enough available for a global launch.
