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Electronics Production | April 29, 2010

RIM is Top1 customer for Flextronics during 4Q

Research in Motion is Flextronics's only customer with a revenue share of more that 10% during the fiscal 4Q.

The Top10 customers for the Singapore-based EMS-giant accounted for 49% of sales; a flat result from the previous quarter and a slight upward trend compared to last year's comparable quarter (4Q/2009: 46%). "Typically, we don't have a consistent 10%-plus customer. Last quarter, HP rose above 10% due to seasonality. This quarter, RIM was just about 10% of sales", states CEO Mike McNamara in the analysts call. Top3 customers for the EMS-provider this quarter were RIM, HP and Cisco accounting for around 29% of total sales. "It is also worth noting that the leading Chinese OEMs, such as Huawei and Lenovo, has solidly positioned themselves amongst our top 10 customers. We expect this trend to remain as we enter into fiscal 2011", the CEO continued.
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