Assembler Pegatron's record 2014 profit puts Apple reliance in spotlight

Strong iPhone 6 sales lifted annual net profit at Pegatron Corp, the Taiwanese assembler of Apple Inc, to a record high, as its chief executive questioned the company's reliance on smartphones to generate revenue. Pegatron on Monday said 2014 net profit rose 53.4 percent from the previous year to T$14.66 billion ($466.8 million). Fourth-quarter net profit also surged 68 percent to a record T$5.68 billion, as revenue from its communication devices business grew to account for just under two-thirds of its overall revenue, up from 30 percent in the same year-ago period. Asked about Pegatron's reliance on smartphones, Chief Executive Jason Cheng told an earnings briefing Pegatron was taking advantage of a good business opportunity.

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