“Hon Hai Precision Industry Co Ltd, the main producer of Apple Inc’s iPhones and iPads, posted second-quarter sales that beat analysts’ expectations as the Taiwanese company diversified from contract manufacturing,” Reuters reports.
“The world’s No.1 electronics contract maker is reducing its reliance on Apple, whose growth is ebbing in the face of fierce competition from Samsung Electronics Co Ltd. Hon Hai is now turning its focus to businesses ranging from software development to e-commerce,” Reuters reports. “In the second quarter, Hon Hai sales totalled T$896.87 billion ($29.81 billion), up 0.6 percent from a year earlier, and 10.9 percent higher than the previous quarter. That surpassed the average T$848.78 billion forecast in a poll of 14 analysts by Thomson Reuters I/B/E/S.”
Reuters reports, “Hon Hai draws an estimated 60 percent of its revenue assembling Apple’s iPhones and iPads, among other contract work it does for the California-based company.”
Read more in the full article here.
Diversify is a good concept for any company. All things change and having multiple sources of income is the way to go.
Even though apple gets a ton of money from the iPhone, it makes lots of money from the other sections. It will continue to do so for the near future until it comes out with the next great thing. Even if that thing is just that all its parts just work even better together.
Just a thought.
…”is reducing its reliance on Apple, whose growth is ebbing in the face of fierce competition from Samsung….” The article is from Reuters, known for tech FUD. Who is to say Hon Hai growth wasn’t because of Apple?
how this companies beat became a statement that Apple has FIERCE competition is just whats wrong with new today!
Where is the hard evidence that Apple’s growth is ebbing?
We should know July 23 should we not?
That will fail. They should stick with Apple and not monkey around.