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-   -   iPhone sales help boost Hon Hai/Foxconn Q2 profits 41 percent (http://forums.macnn.com/113/tech-news/503061/iphone-sales-help-boost-hon-hai/)

 
NewsPoster Aug 13, 2013 03:46 PM
iPhone sales help boost Hon Hai/Foxconn Q2 profits 41 percent
Hon Hai, better known as <a href="http://www.electronista.com/articles/13/08/05/suppliers.dumping.contaminated.water.groups.charge/">Foxconn</a>, posted a 41 percent year-over-year increase in net profits during its second quarter, according to the <em>Wall Street Journal</em>. Net profits for Q2 2013 were NT$16.98 billion, or about $566.7 million US. In the same quarter of 2012, profits were NT$12.06 billion. The average forecast for this year had been NT$16.32 billion.<br /><br />The company's performance is being <a href="http://macnn.com/rd/291764==http://online.wsj.com/article/SB10001424127887324769704579010324071204210.html?r u=yahoo&mod=yahoo_hs" rel='nofollow'>attributed</a> to strong sales of the iPhone. Apple accounts for over 40 percent of Hon Hai revenue, and beat a June quarter record this year by shipping 31.2 million iPhones. Aside from the iPhone, Hon Hai also handles most of the world's iPad production.<br />
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The company's fortunes are riding heavily on what Apple plans to launch this fall. Not one but <a href="http://macnn.com/rd/291765==http://www.electronista.com/articles/13/08/10/os.x.mavericks.launch.predicted.to.be.separate/" rel='nofollow'>two new iPhones</a> are expected next month, although one of these -- the 5C -- will likely be assembled entirely by Pegatron. A <a href="http://macnn.com/rd/291766==http://www.electronista.com/articles/13/08/12/thinner.bezel.expected.for.large.ipad/" rel='nofollow'>fifth-generation iPad and a second-gen iPad mini</a> should follow shortly after.
 
lkrupp Aug 13, 2013 05:01 PM
All this profit made off of a failed company.
 
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