iPhone's Wi-Fi Module Maker Sees Earnings Improvement in 2019
- Surging costs of capacitors and resistors hurt earnings in 1H
- Sales improve as demand for customers products increase
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Universal Scientific Industrial (Shanghai) Co., which makes Wi-Fi modules for products such as Apple Inc.’s iPhone, expects earnings to improve in 2019 as the squeeze from surging component costs and lackluster shipments eases.
Sales have started to improve ahead of the anticipated introduction of new products by clients, USI president CY Wei said in an interview in his Taipei office on Sept. 3, without giving detailed forecasts. USI, a unit of Taiwan’s ASE Group, saw first-half net income fall 30 percent to 392 million yuan from 556 million yuan year earlier, according to the company’s website.