Hon Hai November sales hit high for this year

Focus Taiwan
Date: 2016/12/09
By: Jalen Chung and Frances Huang

Taipei, Dec. 9 (CNA) Hon Hai Precision Industry Co. (鴻海), a major assembler of iPhones and iPads for Apple Inc., said Friday that its sales in November hit a high for this year, but marked a more than 7 percent drop compared to last year.

In a statement, Hon Hai said it posted NT$480.67 billion (US15.12 billion) in consolidated sales in November, up 1.85 percent from a month earlier, but down 7.12 percent from a year earlier.

Analysts said that Hon Hai has benefited from the debut of the 4.7-inch iPhone 7 and 5.5-inch iPhone 7 Plus, which went on global sale in September, although the latest iPhone models failed to top its predecessors launched last year in terms of sales.

The slump compared to last year was due largely to a global slowdown in consumer purchases of information communications technology products as many users feel satisfied with the quantity and quality of the computers and smartphones they already have.    [FULL  STORY]