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 …