According to relevant data, the sales of touch panel manufacturers, Shun Hong Technology and Yee Shing Technology (GIS), showed strong trends due to the increased demand for touch solutions for new iPhone devices.
In October, Shunhong Technology's revenue reached 17.256 billion Taiwan dollars (US$5.6144 billion), an increase of 52.6% from the previous month, an increase of 71.4% year-on-year, the highest monthly data since January 2013. In the first 10 months of 2018, the total revenue reached NT$88.103 billion, a year-on-year increase of 4.37%.
Despite recent market rumors that Apple has reduced orders for Foxconn's iPhone XS and iPhone XS Max by 10%, it will also reduce the amount of orders for iPhone and XR with Heshuo, but sources said that Technology has not found any change in its order volume and expects this strong sales trend to continue.
At the same time, Yecheng Technology's revenue in October reached NT$18.118 billion, a year-on-year increase of 25.43%, a year-on-year increase of 1.54%. The total revenue for the first 10 months was NT$94.844 billion, down 7.4% year-on-year.
According to industry sources, as the main supplier of iPhone XR touch panel module, Yecheng Technology is expected to reach its peak shipments from November to December, and its revenue will surge in the fourth quarter
