Tuesday, 26 March 2013

Foxconn posts record quarterly profit on Apple boost

Foxconn factory in Foshan City, in southern China's Guangdong province.

Hon Hai Precision Industry, a major assembler or Apple products, has posted record quarterly profits helped by growing demand for iPhones and iPads.
The Taiwanese firm, also known as Foxconn Technology, posted a net profit of NT$37bn ($1.2bn; £814m) in the October to December quarter.
It also reported a 16% jump in full year profit for 2102 to NT$94.8bn.
Foxconn is the world's biggest contract electronics maker and Apple is one of its biggest clients.
According to some estimates, orders from Apple account for almost half of Foxconn's total revenue.
In the October to December quarter, Apple had sold 47.8 million iPhones, up from 37 million a year earlier.
Meanwhile, the launch of iPad mini, also boosted sales of its tablet PCs - it sold 22.9 million iPads, compared with 15.4 million in the same period in 2011.

No comments:

Post a Comment