“On Thursday, the stock gained 17 percent, logging the biggest one-day gain since mid-2009,” Lee reports. “The sharp rises were attributed to a brokerage report from Daiwa Capital Markets saying that FIH was likely to get iPhone orders soon, even though it does not currently assemble Apple products. ‘Our industry research indicates that FIH is likely to start producing iPhones in late 2012 or early 2013,’ Daiwa said.”
Lee reports, “Foxconn International said it would issue a statement later today, although it declined to comment on the report for now.”
Read more in the full article here.