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TPK Revenues Slip Results From Handset Touch Panel Display Shipments
By Vincent Wang
Published: Aug 03,2015
TAIPEI, Taiwan — TPK Holding Co. has stated on July 31 its 22.7 percent year-on-year decline in revenues for the second quarter of 2015 was largely due to an 18 percent shipment decline for handset applications, which held a 51 percent share of the company’s overall revenues.
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Furthermore, The company’s utilization rate also dropped and its product mix struggled in the market. Wearable product shipments declined in June and various vendors had high reserves. Manpower costs also increased.
Looking forward into the third quarter, the company expects to see revenues increase 50 percent on quarter due to touch sensor orders as well as orders from major handset vendors in addition to Windows 10 tablet products. TPK noted it will also begin mass production of force touch sensors in July.
Moreover, the company’s Chairperson Michael Chiang bought 300,000 company shares as a show of support and to safeguard shareholders’ interest.
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