Hon Hai unit’s 2014 profit doubles

Taiwan’s FIH Mobile (formerly Foxconn International Holdings), a subsidiary of Hon Hai Precision, reported its net profit last year jumped 118 per cent to $169 million (TWD5.3 billion) on strong demand for smartphones from Apple and Chinese vendors. The Hong …

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Hon Hai unit’s 2014 profit doubles

Taiwan’s FIH Mobile (formerly Foxconn International Holdings), a subsidiary of Hon Hai Precision, reported its net profit last year jumped 118 per cent to $169 million (TWD5.3 billion) on strong demand for smartphones from Apple and Chinese vendors. The Hong …

The post Hon Hai unit’s 2014 profit doubles appeared first on Mobile World Live.

Foxconn to trim workforce as industry growth slows

Taiwan’s Hon Hai Precision (better known as Foxconn) plans to trim its workforce of 1.3 million as falling smartphone growth is slowing its once spectacular revenue performance. Foxconn is the largest contract electronics manufacturer in the world and a key …

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Foxconn unit to get boost from Xiaomi’s Mi Note

Taiwan’s Foxconn is positioned to benefit significantly from Xiaomi’s launch of its high-spec Mi Note as the contract manufacturer’s subsidiary is likely to assemble half the shipments of the premium ‘phablet’. Morgan Stanley analyst Jasmine Lu forecasts that mass production …

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Foxconn expects record profits for 2014

Taiwan’s Hon Hai Precision Industry (better known as Foxconn), the largest electronics contract manufacturer in the world, expects strong demand last year from Apple and other smartphone brands to fuel record profits for the firm. Foxconn’s consolidated sales increased 6.5 …

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