“Hon Hai Precision Industry Co. (2317), the world’s largest contract manufacturer of electronics, posted record annual profit after Apple Inc. (AAPL) released a new iPhone and three versions of its iPad,” Tim Culpan reports for Bloomberg.
“Net income climbed to NT$94.8 billion ($3.2 billion) in 2012, the Taipei-based company said in an exchange statement today,” Culpan reports. ” Revenue climbed to a record NT$3.9 trillion.”
Culpan reports, “Hon Hai, the Taipei-listed flagship of Terry Gou’s Foxconn Technology Group, benefited from Apple’s decision to broaden its product line up and record opening-weekend sales of the iPhone, its top-selling product.”
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