Hon Hai sales hit record Q1 high

Focus Taiwan
Date: 2018/04/11

Taipei, April 11 (CNA) Hon Hai Precision Industry Co., the world’s largest contract electronics maker, posted its highest ever first quarter sales figures, with market analysts attributing the growth to solid demand for communications devices and computing gadgets.

The strong demand for the two types of products offset the impact of weaker than expected demand for Apple Inc’s premium iPhone X, which was unveiled in September 2017 to mark the 10th anniversary of the iPhone, analysts said.

Hon Hai, one of the most important suppliers to Apple, is believed to serve as the sole assembler of the iPhone X, and about 40 percent of its sales come from orders placed by Apple.

During the January-March period, Hon Hai posted NT$1.03 trillion (US$35.27 billion) in consolidated sales, up 5.22 percent from a year earlier.    [FULL  STORY]