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Business

Taiwan tech companies log their first revenue dip in 15 months

Lackluster iPhone demand and a short February weigh on suppliers

iPhone X on display in Tokyo (Photo by Mamoru Yago)

TAIPEI The revenue of major Taiwanese tech companies declined year-on-year for the first time in 15 months in February, hit by lackluster iPhone X demand, a slowing mobile market and fewer working days due to the shorter month and Lunar New Year break.

Overall sales of the 19 tech companies monitored by the Nikkei Asian Review dropped 7.9% from a year ago to 703.91 billion New Taiwan dollars ($24.02 billion), the lowest level in two years. Sales at these companies are a gauge of global electronic demand.

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