Retail in Asia

In Shops

BYD Electronic sees drop in revenue contribution from Nokia

BYD Electronic (International), China-based BYD’s subsidiary maker of handsets and components, has seen the contribution of Nokia orders to its total revenues drop to 51 percent in 2009 from 60 percent in 2008. The company’s revenues, however, increased 31 percent on year to CNY11.2 billion (USD1.64 billion) in 2009, according to industry sources in Taiwan, citing BYD’s latest financial report.