Thanks to record sales of Apple, the company Foxconn substantially increased its net profit
According to the resource Bloomberg, the company Hon Hai Precision Industry (also known as Foxconn) has reported an «unexpected» increase in quarterly profit after the festive period, Apple sold a record number of smartphones. Recall that Foxconn is the main partner of Apple’s release of the iPhone.
In the end, the company’s net profit in the last calendar quarter of last year grew by 30% yoy, reaching 2.3 billion dollars. The analysts forecast net profit of 1.63 billion dollars. Net profit for the whole last year made up 4.97 billion, an increase of 1.2%.
At the moment, analysts are predicting revenue growth in the second half of 43% compared to the first. This is attributed to the next-generation iPhone.