Last week Catcher Technology reported that their revenues spiked due to their production of cases for the new iPhones and then on Monday Pegatron echoed that their earnings sharply rose due to gaining iPhone contracts. Today, the positive revenue train is extended to Taiwan's Hon Hai Precision Industry who reported their third consecutive quarterly profit gain as iPhones begin their ramp up for September.
Hon Hai, also known as Foxconn, earns as much as 50 percent of revenue assembling Apple devices such as iPhones and iPads, analysts say. The widely expected release in the coming months of larger-screen iPhones will keep Apple as Hon Hai's biggest cash cow for the foreseeable future, according to company-watchers.
Hot sales of current iPhone models were able to drive Hon Hai's net profit in April-June to T$20.19 billion ($673 million), versus the T$17.66 billion mean estimate of 13 analysts polled by Reuters.
It was reported on last month that the iPhone 5S was the number one selling smartphone in the world. A new report today states that the iPhone 6 is now in the Product Validation Test stage prior to mass production - though Bloomberg had reported that production was to have begun in July. With Apple reportedly aiming for record sales for the iPhone 6 in the 70-100 million + range, you would think that they would have already be in the midst of mass production in order to meet demand.
Regardless of the timing of the iPhone 6's mass production, Apple is expected to roll out their new iPhone 6 on September ninth.
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