View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Networks
March 26, 2013

Foxconn’s Q4 profit rises on Apple’s iPhone sales

The company's net income increased 16% to $3.2bn for the full year 2012

By CBR Staff Writer

Hon Hai Precision Industry, also known as Foxconn Technology, has reported a 5.6% rise in its net income to $1.2bn for the fourth quarter of 2012, driven by the sales of iPhones and iPads.

The company reported a 6% rise in its revenue to NT$1.14 trillion for the quarter.

For the full year 2012, the company’s net income increased 16% to $3.2bn and sales rose 13% to NT$3.9 trillion, when compared to last year.

According to some estimates reported by the BBC, orders from Apple account for almost half of Foxconn’s total revenue.

Apple’s iPhones sales increased to 47.8 million units for fiscal first quarter of 2013, compared to 37 million units in the year-ago quarter.

Earlier this month, Foxconn revealed plans to hire about 5,000 people from Taiwan to develop new automation, robotics and e-commerce for assembly manufacturing.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU