Mitac International has launched Mio MiVue M300, an own-brand on-board motorcycle camcorder capable of recording at 1080p, 120-degree wide angle and 5-megapixel for the Taiwan market at a recommended retail price of NT$7,990 (US$270).
While there have been motorcycle camcorder models launched by white-box vendors in the Taiwan market at NT$2,000-5,000, Mitac is the first brand vendor to launch such devices, the company indicated. Mitac has reached a Taiwan market share of nearly 20% for on-board camcorders and hopes to garner a market share of 30-40% for the motorcycle segment, the company said.
Mitac also plans to launch own-brand motorcycle camcorders in Russia, Southeast Asia and Europe markets.
Mitac's board of directors has decided to distribute a cash dividend per share of NT$0.20 for 2012, accounting for 50% of the corresponding net EPS of NT$0.40.
Mitac posted consolidated revenues of NT$3.231 billion for April, increasing 24.73% on month but decreasing 15.73% on year. Consolidated revenues for January-April reahced NT$11.511 billion, slipping 22.08% on year.
Article translated by Adam Hwang
