“Hon Hai Precision Industry Co., the major assembler of Apple Inc iPhones, posted its slowest profit increase in a year as tepid personal computer sales put at risk Terry Gou’s pledge for 10 percent annual revenue growth,” Tim Culpan reports for Bloomberg.
“Hon Hai, the largest company in billionaire Gou’s Foxconn Technology Group, posted revenue growth of 5.8 percent for the 10 months through October as sales of devices other than Apple’s such as PCs and consumer electronics slow,” Culpan reports. “Apple sold more than 10 million units of the iPhone 6 and iPhone 6 Plus in its opening weekend in September, and forecast sales that surpassed analyst estimates.”
Culpan reports, “Apple, which last year accounted for 51 percent of Hon Hai’s sales, last month forecast revenue for the three months through December of $63.5 billion to $66.5 billion, just topping the average of analysts’ estimates at the time.”
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