Tag: hon hai

Robust iPhone sales bolster Foxconn bottom line

Apple's controversial, but improved, manufacturing partner Foxconn had a strong second quarter thanks to iPhone sales surpassing expectations for the period. Net profits were up 41 percent over the June quarter in 2012. According the Wall Street Journal, Apple accounts for 40 percent of the revenu...

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Foxconn applies for license, aiming to get into wireless service

Apple's parts manufacturer of choice, Foxconn, doesn't seem very happy with its current industry. The company recently made its own iPhone-compatible smartwatch (in order to show off that it could design its own devices), and now the Wall Street Journal reports that Foxconn's parent company, Hon...

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Who needs Apple? Foxconn makes an iPhone-friendly smartwatch

Apple has not announced an iWatch, as many folks hoped it would, and that didn't bother Foxconn. The company that manufactures most of Apple's iPhones and iPads has made its own iPhone-compatible smartwatch, which it showed off earlier this week. The watch looks relatively simple, but it can check...

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Foxconn to build new plant for iPhone screens with Sharp's help

Sharp and Hon Hai Precision, parent company of Foxconn, are partnering to improve the LCD manufacturing process for the iPhone. A report by Reuters points to Nikkei business daily report that says Sharp is helping Foxconn outfit a new Chengdu plant with the latest LCD manufacturing technology. ...

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Apple to seek new life for iPhone 3GS in emerging markets

The iPhone 3GS is still being sold in the US and other countries, but by the time the next-generation iPhone appears later this year the 3GS will be getting a little long in the tooth. Jefferies & Company analyst Peter Misek says that Apple has apparently signed a deal with a global distrib...

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Apple supplier Hon Hai Precision Industry to "significantly" raise wages

Workers at Taiwanese plants run by Hon Hai Precision Industry -- the parent company of iPad and iPhone manufacturer Foxconn -- will begin to see some benefit of the popularity of the Apple products they manufacture in the form of "significantly" higher wages. The company is doing this primarily ...

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Hon Hai chairman Terry Gou says Apple products are "very difficult to make"

Hon Hai, parent company of Foxconn, is blaming Apple for its poor financial performance over the past two quarters. Chairman Terry Gou confirmed the Chinese company invested heavily in its manufacturing plants to keep up with Apple's demand. He said Apple devices were "very difficult" to make. ...

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Foxconn owner reports revenue up thanks to iPad 2, other devices

Hon Hai Precision, the parent company of Foxconn, recorded an impressive revenue increase in its latest earnings report thanks to the iPad 2, the original iPad and the Kinect. According to the Taiwan Economic News, the manufacturing company reported revenue of NT$152.878 billion (about US$5.2 bil...

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Yuanta Securities analysts claim iPad 2 will be delayed until June (Updated)

The iPad 2 may be delayed due to "production bottlenecks" at manufacturing company Hon Hai Precision, parent company of Foxconn. This delay is partially the result of unspecified changes in the iPad 2 design made by Apple before the Lunar New Year on February 3, according to a report from Yuanta Se...

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Hon Hai to expand retail chain, open 500 Apple licensed stores in Asia

A report out of Digitimes suggests that Cybermart, a retail arm of Hon Hai which also owns Foxconn, has recently received approval as an Apple-licensed retailer in the Asia-pacific region. The retailer intends to sell Apple products in up to 500 new stores planned for China, Hong Kong and Taiwan. Cy...

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Brazilian billionaire wants Apple manufacturing contract

AppleInsider reports that Brazilian billionare Eike Batista, who made his $27 billion fortune in the mining industry, is trying to convince Apple to have its products made in Brazil rather than by Foxconn in Shenzhen, China. He is currently constructing the Port of Acu in southern Brazil -- a $1.6 b...

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Apple shares reach year's best

MarketWatch is reporting that Apple's shares reached a 52-week high of $87.95 today, apparently fueled by furious rumors of - you guessed it - an iPhone. I'm sure the report that Hon Hai received a manufacturing order from Apple for just such a device isn't doing anything to stop people from losing ...

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