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

Adesso Xtream S3B Bluetooth speaker

Finding a speaker purpose build for a specific need is challenging. Even when a Bluetooth speaker can be paired with a mobile device, ...

JBL Synchros E40BT headphones

For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

Razer Taipan mouse

The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

Sponsor

toggle

Most Commented

 
toggle

Popular News