Due to Apple Products, Hon Hai Posts Record Profits
It's being report today that Hon Hai Precision Industry Co. (2317), the world's largest contract manufacturer of electronics, posted record annual profit after Apple released a new iPhone and three versions of its iPad in Q4 2012.
According to the report, net income climbed to (New Taiwan Dollar) NT$94.8 billion ($3.2 billion US) in 2012, the Taipei-based company said in an exchange statement today. Revenue climbed to a record NT$3.9 trillion.
Hon Hai, the Taipei-listed flagship of Terry Gou's Foxconn Technology Group, benefited from Apple's decision to broaden its product line up and record opening-weekend sales of the iPhone, its top-selling product.