Foxconn's Hon Hai Precision Industry posted a 19.2 percent year-over-year decline in revenue for the first quarter, with sales likely affected by weak demand for Apple's iPhone 5, according to an analyst. The Taiwanese contract manufacturer said on Wednesday its revenue for the quarter was NT$809 billion (US$27 billion), although net profit was up 8.4 percent year-over-year,...
(8 days ago)
TAIPEI (Reuters) - The chairman of Hon Hai Precision will meet Sharp Corp executives this week in a bid to revive stalled talks over Hon Hai's plans to buy a stake in Sharp, local media reported on Friday.
(2 months and 17 days ago)
By Clare Jim TAIPEI (Reuters) - Hon Hai Precision Industry Co Ltd , the world's largest electronics contract manufacturer, faces growing competition from cross-town rival Pegatron Corp , a company that is just a quarter of its size by revenue. Hon Hai, better known by its trading name Foxconn, draws an estimated 60 to 70 percent of its revenue from assembling gadgets and...
(10 days ago)
Contract electronics manufacturer Hon Hai Precision Industry Co. rode brisk sales of the iPhone 5 to post its best quarterly operating profit margin in three years, but having Apple Inc. as a major client could prove to be a double-edged sword.
(1 month and 27 days ago)
Sharp Corporation passed a resolution at the board of directors meeting held on March 27, 2012 to (i) form a business alliance with Hon Hai Precision Industry Co., Ltd., (ii) issue new shares through a third-party allotment to four companies of Hon Hai group, and (iii) enter into a capital and business alliance with four companies of Hon Hai group.
(1 month and 25 days ago)
Hon Hai, which assembles iPhones and iPads, said higher assembly fees lifted first-quarter earnings even as shipments declined on slower demand for Apple's gadgets.
(9 days ago)
TAIPEI (Reuters) - Hon Hai Precision Industry Co Ltd , the world's largest electronics contract manufacturer, faces growing competition from cross-town rival Pegatron Corp , a company that is just a quarter of its size by revenue.
(10 days ago)
Two Hon Hai employees have fallen to their deaths in China since late April, highlighting the continued struggles the Apple supplier is facing as it tries to manage its growing work force in mainland China.
(3 days ago)
NEW YORK (TheStreet) -- Technology stocks sank Wednesday, led lower by Apple as first-quarter tech earning releases began in earnest. Apple shares fell below $400 for the first time since December 2011 on the back of weaker-than-expected-results from one of its suppliers, Cirrus Logic . Apple shares reached levels not seen since January 2012. Google shed 1.41% to $782.17...
(1 month and 4 days ago)
TAIPEI (Reuters) - Hon Hai Precision Industry, the world's largest electronics contract maker, said it hopes to sign an agreement with Indonesia next month to make and sell handsets in the Southeast Asian country's huge domestic market.
(27 days ago)
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