Printed from http://www.electronista.com

iPhone sales help boost Hon Hai/Foxconn Q2 profits 41 percent

updated 03:45 pm EDT, Tue August 13, 2013

Apple products account for over 40 percent of revenue

Hon Hai, better known as Foxconn, posted a 41 percent year-over-year increase in net profits during its second quarter, according to the Wall Street Journal. 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.

The company's performance is being attributed 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.

The company's fortunes are riding heavily on what Apple plans to launch this fall. Not one but two new iPhones are expected next month, although one of these -- the 5C -- will likely be assembled entirely by Pegatron. A fifth-generation iPad and a second-gen iPad mini should follow shortly after.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

  1. lkrupp

    Junior Member

    Joined: 05-13-01

    All this profit made off of a failed company.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lacking ...

Sponsor

toggle

Most Commented

 
toggle

Popular News