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Due to Apple Products, Hon Hai Posts Record Profits

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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.


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