“Taiwan’s exports in June slightly lagged forecasts, but shipments to the United States jumped in a positive sign that its tech firms are reaping the benefits of the season’s new smartphone line-up,” Faith Hung and Roger Tung report for Reuters.
“Component makers for Apple Inc have started shipping parts for the new iPhone 6, and exports are expected to steadily improve into the third quarter,” Hung and Tung report. “‘Taiwan companies will be shipping components in big volume in July – September for Apple’s new products,’ said Anita Hsu, economist of Masterlink Securities, Taipei… Shipments to the United States, Taiwan’s second-largest export market, rose 11.8 percent from a year earlier.”
Hung and Tung report, “Hon Hai Precision Industry Co Ltd, the world’s No.1 contract electronics manufacturer, pleased investors when it said it should see at least 10 percent profit growth this year over 2013.”
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