BenQ sees 2006 revenue at US$10 billion
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Top Taiwan computer gear maker BenQ Corp.expects 2006 revenue to reach US$10 billion after acquiring Siemens AG’s mobile phone business, the company’s chief marketing officer said on Monday. I didn’t know that BenQ pulled in numbers like that, but now we all do!
BenQ, which garnered sales of $5 billion in 2004, agreed in June to take over Siemens’s loss-making mobile phone unit to beef up its presence in the highly competitive sector. The Taiwan firm expects the merged handset unit to break even next year. BenQ has not forecast 2005 revenues, but nine analysts surveyed by Reuters Estimates put its 2005 revenues at an average T$140.2 billion. Sales are expected to rise further to T$164.6 billion in 2006.
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