Have you heard of Hon Hai Precision Industry Co. before? certain you have, you can more or less say that thanks to the wonder that is called the Apple iPhone, the company has managed to turn by a good-looking profit that quarter – in a record figure, to boot, being the world’s largest contract manufacturer of electronics while they are at it. Fourth-quarter net income actually managed to increase by another 5.6% to $1.2 billion, which is more than what 14 analyst estimated prior.
In order to break their previous record, Hon Hai managed to solve production issues that affected output of the iPhone 5 in the previous quarter, which certainly helped the company raise revenue and margins along the way. As
Original post by Edwin Kee