A Taiwan-based touch panel maker, General Interface Solution, company that belongs to the Foxconn Group, set to expand its capacity of one glass solution (OGS) touch panel production at its factory in Shenzhen, southern China, up to almost two million units in the 4rth quarter of 2013, according to the company.
General Interface Solution mainly uses the touch sensors which are produced by Innolux Corp (TPE:3481) is also a member of the Foxconn Group, to make touch panels.
GIS being a main supplier of Apple Inc. (NASDAQ:AAPL) for touch panels for, already it is shipping one million units used in iPhone 4S and iPhone 4, and two million units used in the 9.7-inch iPad and two million units used in the 7.9-inch iPad mini a month, as reported by Taiwan-based supply chain makers. Overall shipments of GIS touch panels to Apple account for over 80% of GIS’s total revenues.
Further to this, General Interface Solution is also a supplier of touch panels for Amazon.com, Inc. (NASDAQ:AMZN) with shipments accounting for 8-10% of total revenues.
GIS is expecting to have an increased number of orders from Apple Inc. (AAPL) for touch panels for use in new 7.9-inch iPad mini and 9.7-inch iPad models, with the time of shipments to begin in the third or fourth quarter of 2013, as per the reports of the supply chain makers.
Panel maker, GIS is also expected to start the news shipments of touch panels for use in new Amazon.com, Inc. (NASDAQ:AMZN)’s 7-inch tablets in the third quarter. Company is having newly obtained orders of some international notebook vendors with the expected shipments to start in the second half of 2013, according to the industry sources indications.
In all this scene General Interface Solution foresees a surge in its revenues for the second half of 2013 by 50% from the first half and to reach total $100 billion that is $3.3 billion for full year.
Stock Highlights
In last trading activity, Apple Inc. (NASDAQ:AAPL) stock opened at $433.72 hit maximum price of $ 437.99 throughout the session and ended at $434.33 by trending down -0.31%.
Revenue Measures
Apple Inc. generated sales of $164.69 billion in last twelve months with income of 164.69 Billion. The Company showed a positive 25.35%in the net profit margin and its operating margin is calculated as 33.46%. Company’s annual sales growth for the past five years was 44.81%.
AAPL past twelve months price to sales ratio was 2.48 and price to cash ratio recorded as 10.24. As far as the returns are concern, AAPL return on assets stayed at 24.94% while its return on equity recorded as 38.41%.