Recession Smession, Lite-On Dazzles in 2009


We suppose when your bread and butter is $35 optical drives, a faltering economy doesn't hit you as hard. Or so it would seem, based on Lite-On's performance in 2009.

The optical drive maker reported consolidated revenues up 2 percent sequentially and 32 percent on year to $303.1 million in December 2009. Ending the year on a high note, that was a best month for Lite-On in '09.

But it wasn't just low-priced optical drives that drove revenue up. The company also attributed the growth to increasing shipments of power supply and LED products, noting that the two segments grew 20 percent and 67 percent on year, respectively, in December.

Around the web

by CPMStar (Sponsored) Free to play