The company Hon Hai Precision Industry, the world's largest contract manufacturer of computers and smartphones, today published a report on a record quarterly profit amid increased volumes of previously received orders to release Apple iPhone and iPad.
In the fourth quarter, net sales increased by 5.6% to $ 37 billion New Taiwan dollars, or 1.2 billion U.S. dollars. Analysts on average expected the company this figure at 35.9 billion Taiwan dollars.
Earlier Hon Hai reported that faced with a number of production problems related to release of the iPhone 5, but by the end of the year was solved, so Hon Hai was able to increase revenue.
On the other hand, since the beginning of the year, analysts say the falling demand for the iPhone and iPad, which could adversely affect future earnings Hon Hai. In addition to the commercial production and assembly of electronic components Hon Hai is increasingly competing with Korean Samsung Electronics, which may also affect the income of the first.
Consolidated revenues in the reporting period increased by 6% to NT $ 1.14 trillion, against 1.13 trillion a year earlier. For the entire 2012 Hon Hai a profit of 81.6 billion Taiwan dollars, revenue was NT $ 3.9 trillion, up from last year's total by 13%.
Hon Hai Precision Industry Co., Ltd., trading as Foxconn: From Wikipedia
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