Warren Chen,CEO of the Lite-On Group and Lite-On Technology,has said market conditions in the third quarter may be worse than expected.Chen believes the group's third-quarter 2012 revenues will likely grow by less than 10%on quarter.Lite-On Technology announced July revenues of NT$10.078 billion(US$336 million),down 3.3%on month and 2.8%on year.
Chen noted that market demand has been unclear for the third quarter.Nevertheless,July revenues were low due to a high base period in June.Hence revenues in August-September are expected to show increases.
Orders for the firm's core business continued to be stable in July,said Lite-On,especially the power source business group.Due to continuous demand from brand vendors,the business unit's July revenues showed a continued increase.
In addition,shipments of LED lighting components have been smooth and are expanding,said Lite-On.Revenues from LED lighting components in July grew 300%compared to July 2011.
Chen added that revenue growth in the third quarter will depend on sales of power supplies,camera modules,notebook keyboards and LED lighting.In particular,third-quarter power supply shipments are expected to exceed the shipments in the second quarter.LED lighting continues to be an important business development for Lite-On in 2012,the firm reiterated.
