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

Cat B100

Cat is primarily known for its heavy-duty machinery used in the construction industry and farming, among other areas. What may not be ...

Linksys EA6900 AC Router

As 802.11ac networking begins to makes its way into more and more devices, you may find yourself considering an upgrade for your home ...

D-Link DIR-510L 802.11AC travel router

Having Internet access in hotels and other similar locations used to be a miasma of connectivity issues. If Wi-Fi was available, it wa ...

Sponsor

toggle

Most Commented

 
toggle

Popular News