InterDigital Inc (IDCC)

[thelurker]

Pegatron Technology internally expects its Apple CDMA iPhone shipments to reach 10 million units in 2011 and the company has recently started to gear up and is installing new equipment as well as hiring about 10,000 new employees at its plant in Shanghai, China, according to sources from component makers. Commenting on the news, Pegatron CEO Jason Chang declined to discuss its clients, but pointed out that the increase in employees is mainly to handle growing smartphone business and he expects revenues in the first quarter of 2011 to see a strong increase.

In addition to iPhone, Pegatron is also said to have been aggressively pursuing MacBook and iPad orders.

Although installing equipment and hiring new employees has created a one-time expense and impacted the company's gross margin, since the company will start shipping the new orders in the near future, the company internally expects to see 20-30% growth in 2011 revenues, the sources noted.

The sources also pointed out that Pegatron will start shipping the CDMA iPhone 4 in December and it should become a key driver for 2011 revenues.