Asustek posts document revenue in 2020
Monica Chen, Hsinchu; Joseph Tsai, DIGITIMES
Asustek Computer noticed its internet earnings leap 119% on 12 months to a document excessive of NT$26.56 billion (US$938 million) in 2020, because of pandemic-driven demand.
Asustek’s consolidated revenues from the model enterprise reached NT$113.71 billion within the fourth quarter of 2020, down 4.93% sequentially, however up 27.35% on 12 months, whereas internet earnings got here to NT$9.85 billion, down 6.29% sequentially, however up 273.13% on 12 months.
For whole-year 2020, consolidated revenues from Asustek’s model enterprise had been NT$382.44 billion, up 15% on 12 months with gross margin at 17.18%, up 3.74pp on 12 months. EPS arrived at NT$35.80, up from 2019’s NT$16.30 to achieve the highest-ever annual degree. The firm had non-operating earnings of NT$8.34 billion and an revenue of NT$3.22 billion from foreign money exchanges.
Although the pandemic is step by step easing, finish demand for IT merchandise stays sturdy and the most important problem that Asustek is dealing with presently is the quick provide of elements, in keeping with Asustek’s co-CEOs Samson Hu and SY Hsu.
As many element suppliers have raised their product quotes, Asustek can even modify its product costs to mirror the additional prices. Graphics card costs have already gone up 10-20% just lately and are prone to proceed rising, they stated.
Hu identified that PC shipments will stay sturdy in 2021 with the primary quarter being the underside of the 12 months. The firm’s PC shipments will slip round 10% sequentially in first-quarter 2021, however improve 70% on 12 months, whereas shipments of elements will drop 5-10% sequentially, however develop 50% on 12 months.
Global PC shipments are anticipated to rise 10-15% on 12 months in 2021, whereas Asustek will take pleasure in a progress of greater than 20%, Hu added.
Asustek had pocket book quick provide of 30% within the fourth quarter of 2020 and the share shall be round 25-30% within the first quarter of 2021.
Asustek’s earnings surged in 2020
Photo: Digitimes file photograph
