SUPPLY-CHAIN FEARS: The company’s shares dropped despite the favorable results after US President Donald Trump urged Apple to move its production bases home

Taipei Times
Date: Sep 11, 2018
By: Ted Chen  /  Staff reporter

Hon Hai Precision Industry Co (鴻海精密), a key assembler of Apple Inc’s iPhones, yesterday reported its highest monthly revenue for the month of August amid increased production of the devices in preparation for the US technology giant’s product launch tomorrow.

The world’s largest contract electronics maker reported that revenue last month rose 0.3 percent month-on-month and 25.3 percent annually to NT$396.79 billion (US$12.87 billion).

Total sales in the first eight months of this year rose 14.8 percent annually to NT$2.9 trillion, also a record, the company said.

Consumer electronics made up most of the revenue last month, followed by communications and computing products, it said.    [FULL  STORY]