Strong iPhone 6 sales boost Taiwan's export orders
It marked an eighth month of growth in export orders for technology-rich Taiwan, the economic ministry said in a statement.
The ministry said that orders for information and mobile devices rose 16.3% from a year ago to $12.9bn mainly as a result of the launch of international brand-name mobile devices.
Taiwanese company Hon Hai, the parent company of Foxconn in China and the world's largest computer components manufacturer, assembles products for Apple, as well as Sony and Nokia. Its revenues rose 22.95% year-on-year in September to Tw$415.4bn ($13.66 billion).
Media reports say local firms Pegatron Corp worked on the assembly of the new iPhone and TSMC, the world's biggest contract microchip maker, manufactured its chips, although neither company has confirmed the contracts.
Exports remain strong
The economic ministry also credited rising demand for laptop computers for the boost in orders. Taiwanese firms produce laptops for a range of major brands including HP, Dell and Lenovo, while Acer has a 10.8% global market share, according to Taipei-based Digitimes Research.
Export orders, those sent to manufacturers one or two months ahead of delivery, are a key indicator for the island's export-reliant economy.
According to the ministry, orders for electronic products were up by 19.4% year-on-year as the increased shipments of mobile devices spurred business for the semi-conductor and computer memory storage sectors.
Export orders from the United States hit a record $11.4bn, up 15.5% year-on-year and up 20.6% from the previous month.Orders from mainland China and Hong Kong, Taiwan's other major overseas markets, rose 8.6% year-on-year to $10.4bn.
Source: AFP via I-Net Bridge
Source: I-Net Bridge
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