“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.”
Read more in the full article here.
Now AAPL will be in a free fall.
What’s the world coming to?
Apple Inc. Pre-Market Trading
$464.57* + 3.05 0.66%
The stock move has nothing to do with these silly facts. I’m sure it’s on an upswing due to Gamco’s halfwitted speculation.
Or Apple’s slipping sales as has been reported.