Hon Hai

Four 'Hon Hai' stories October 2012 - May 2015

Strong iPhone 6 demand helps Foxconn achieve 56% rise in year-on-year earnings

Ben Lovejoy May 15 2015 - 6:56 am PT

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Record iPhone sales helped Apple’s lead manufacturer Foxconn to achieve 56% growth in year-on-year earnings, Apple representing almost half the company’s turnover. Foxconn achieved its highest first quarter profit growth in a decade, reports the WSJ.

The company also more than doubled its 2014 dividend from NT$1.80 per share to NT$3.80 (US$0.06 to 0.12).

Apple announced last month that it sold 61.1M iPhones in its fiscal Q2, demand for its larger-screened phones remaining extremely strong after the initial record start. Two analysts with strong track-records yesterday predicted that this success is likely to continue, forecasting sales of 51M iPhones in the current quarter.

Foxconn gives a shoutout to Apple products after profits climb 13 percent

Ben Lovejoy Mar 28 2014 - 8:35 am PT

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Apple’s lead manufacturer Foxconn reported a 13 percent rise in net profit to 106.7B new Taiwan dollars (US$3.5B) following record iPhone and iPad sales, reports the WSJ. More than 40 percent of the company’s revenue comes from Apple.

The news comes a few days after Apple supplier Pegatron reported a 22 percent rise in earnings.

Hon Hai’s results were underpinned by demand from Cupertino, Calif.-based Apple, which sold 51 million iPhones in its fiscal first quarter ended Dec. 28, 2013—up 7% from the same period the previous year […]

Apple also said it sold a record 26 million iPads in the quarter, compared with 22.9 million in the year-ago period …

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Report: Hon Hai source says 46 to 55-inch Apple TV set in testing, no panel supplier confirmed, 2013 launch unlikely

Jordan Kahn Dec 19 2012 - 6:20 am PT

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Last week, a report from The Wall Street Journal claimed Apple’s much rumored HDTV set is now in the “early stages of testing” with partners Hon Hai Precision and Sharp. Today, we get more details surrounding the rumored product from the Taiwan national news agency’s English language Focus Taiwan. According to the report, citing sources close to Hon Hai Precision Industry Co., the supplier is testing Apple television designs, but the possibility of the product shipping in 2013 is “unlikely”:

Nevertheless, the source said it is unlikely that shipments of the appliances will begin as soon as the end of next year.

While the report from WSJ claimed Sharp was involved in the initial testing of the product with Hon Hai, Focus Taiwan’s source claimed the possibility of Sharp displaying panels for the product is “not high”:

Asked whether the new Apple TV will use display panels produced by Japan’s Sharp Corp., the source said the possibility is not high.

The source also claimed that Apple is looking at displays ranging from 46 inches to 55 inches, meaning the company likely wouldn’t rely on Sharp’s plants best suited for production of 60+ inch panels:
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Foxconn official says iPhone 5 supply shortages caused by complicated design, productivity improving

Élyse Betters Oct 17 2012 - 6:33 am PT

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The Wall Street Journal spoke with an unnamed Hon Hai executive today about why the iPhone 5 is experiencing supply shortages, and the Taiwanese manufacturer, also known as Foxconn, apparently blamed it on the smartphone’s complicated design and its subsequent assembly process.

“The iPhone 5 is the most difficult device that Foxconn has ever assembled. To make it light and thin, the design is very complicated,” said the executive to the Wall Street Journal. “It takes time to learn how to make this new device. Practice makes perfect. Our productivity has been improving day by day.”

The official did not wish to be named, but he admitted Hon Hai is attempting to better production capacity while apply more procedures to alleviate the reports of damages such as scratches to the iPhone 5’s metal casing.

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