TAIPEI -- Largan Precision, the world's top producer of smartphone camera lenses, reported Thursday a 14% year-on-year drop in net profit to 6.9 billion New Taiwan dollars ($248 million) for the quarter ended in December following U.S. sanctions against major customer Huawei Technologies.
Sales at the Taiwanese company, a bellwether for the smartphone industry, sank 17% to NT$15.3 billion.
