Ability Enterprise's digital camera shipments in 2012 decreased by 25% from 2011 and expects 2013 shipments to drop 15-20% from 2012 due to increasing competition from mobile terminal devices equipped with cameras, according to company chairman Roger Tseng.
Global digital camera sales in 2013 will shrink 15-20% from 2012, Tseng indicated.
Due to off-season effects, Ability's consolidated revenues for the first quarter of 2013 will slip 20-30% sequentially, Tseng noted.
Ability's February consolidated revenues of NT$1.936 billion (US$65.2 million) dropped 38.73% sequentially and 50.25% on year. January-February consolidated revenues dipped 11.06% to NT$5.094 billion.
Ability: Financial results, 4Q12 and 2012 (NT$m)
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Item
|
4Q12
|
Q/Q
|
2012
|
Y/Y
|
Consolidated revenues
|
9,973
|
(9.44%)
|
42,121
|
(9.92%)
|
Gross margin
|
9.64%
|
up 0.26pp
|
9.55%
|
up 1.62pp
|
Net operating profit
|
396
|
(6.38%)
|
1,700
|
21.43%
|
Net profit
|
251
|
(33.42%)
|
1,349
|
23.88%
|
Net EPS (NT$)
|
0.56
|
3.02
| ||
Source: Company, compiled by Digitimes, March 2013
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