Printed from http://www.electronista.com

Foxconn profits rise 13 percent on iPhone and iPad sales

updated 01:07 pm EDT, Fri March 28, 2014

Bulk of manufacturer's revenue tethered to Apple

Taiwan-based manufacturer Hon Hai -- better known as Foxconn -- saw its profits rise 13 percent last year to $3.5 billion, something attributed mainly to record iPhone and iPad sales, according to the Wall Street Journal. Foxconn is closely linked to Apple, deriving over 40 percent of its revenue from Apple orders. As such, any fluctuation in iPhone and iPad sales can dramatically affect its income.

Foxconn is in fact said to be looking to diversify its business to reduce its dependence. In recent times, the company has invested almost $90 million in new manufacturing and software development efforts.

In the December quarter, Apple posted revenue of $57.6 billion based on sales of roughly 51 million iPhones and 26 million iPads, as well as 4.8 million Macs. Apple's size and performance are such that while Foxconn is its primary manufacturer, it also relies on companies like Pegatron to fill in gaps. Pegatron is responsible for assembling the iPhone 5c and iPad mini.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

IDrive cloud backup and sync service

There are a lot of cloud services out there, and nearly all of them can be used for backing up key files and folders. A few dedicated ...

Asus Chromebook C300

When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

Sponsor

toggle

Most Commented

 
toggle

Popular News