Hon Hai Precision Industry Co Stories May 15, 2015

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

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.

Hon Hai Precision Industry Co Stories March 25, 2013

foxconnHon Hai Precision Industry Co, better known by its parent company name Foxconn, posted record quarterly profits in the final quarter of last year, citing increased production and improved efficiency of iPhones and iPads, as reported by Bloomberg.

Net income rose 5.6 percent to $1.2 billion, ahead of analyst expectations, but may face more challenging times ahead … expand full story

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