Foxconn sees net profit grow in 2013 on iPhone demand

Advertisement
By Agence France-Presse | Updated: 31 March 2014 13:15 IST
Taiwan tech giant Hon Hai Precision, the world's largest contract manufacturer for electronics, saw its net profit rise 12.7 percent on-year in 2013, bolstered by demand for Apple's new products.

Hon Hai, better-known as Foxconn, is the world's biggest iPhone and iPad maker and saw its profits rise thanks to the release of the iPhone 5s (Pictures) and iPhone 5c (Pictures) in September 2013.

Its net profit last year rose to Tw$106.70 billion ($3.50 billion), compared with Tw$94.76 billion the previous year, it said in a statement released late Friday night.

The group's overall sales hit a record high of Tw$3.95 trillion, up from Tw$3.91 trillion in 2012 and its profits in the three months to December were up 5.6 percent on the same period the previous year.

Advertisement

Hon Hai earns more than 40 percent of its revenue from Apple, which said it had sold 51 million iPhones and 26 million iPads during the quarter to December 28, as well as 4.8 million Macs.

(Also see: Apple sells record 51 million iPhones in Q4, still falls short of expectations)

But despite the profit jump, analysts say Hon Hai's revenues are likely to slow in the first half of this year until Apple releases its new handset.

Advertisement

Japan's leading Nikkei business daily reported Friday that Apple is likely to launch the new iPhone globally in September, with a higher resolution and bigger screen.

The handset, expected to be called the iPhone 6, is set to come in two versions with a 4.7- or 5.5-inch screen, up from the current four-inch panel, the report said, without citing sources.

Advertisement

(Also see: iPhone 6 to launch in two screen sizes in September: Nikkei)

Hon Hai assembles products for Sony and Nokia as well as Apple.

It employs around one million workers in China, roughly half of them based at its main facility in the southern city of Shenzhen.

 

Catch the latest from the Consumer Electronics Show on Gadgets 360, at our CES 2026 hub.

Further reading: Apple, Foxconn, Hon Hai, Mobiles, iPhone
Advertisement

Related Stories

Popular Mobile Brands
  1. Redmi Note 15 Pro, Note 15 Pro+ 5G Could Launch in India on This Date
  2. OTT Releases of the Week (Jan 12 - Jan 18): Taskaree, 120 Bahadur, and More
  3. Here's How Much the Vivo X200T Could Cost in India: See Expected Specs
  4. Top Deals on OnePlus Smartphones During the Amazon Great Republic Day Sale
  5. Amazon Great Republic Day Sale: Top Deals on Premium Smartphones
  6. iPhone 18 Pro Series, iPhone Fold Could Launch With These Specifications
  7. Amazon Great Republic Day Sale: Top Deals on Smartwatches Under Rs. 10,000
  8. Amazon Great Republic Day Sale Is Live: Best Offers Today
  9. Instagram Will Let You Dub, Lip Sync Reels Into Five Indian Languages
  10. Resident Evil Requiem Gets New Leon Gameplay at Resident Evil Showcase
  1. Resident Evil Requiem Gets New Leon Gameplay at Resident Evil Showcase
  2. After ChatGPT Translate, Google Releases Multiple Open-Source Translation Models
  3. Realme Buds Clip India Launch Timeline Confirmed: Expected Specifications, Features
  4. NASA's James Webb Space Telescope Might Have Spotted Hidden Supermassive Black Holes
  5. Amazon Great Republic Day Sale: Top Laptop Deals Under Rs. 40,000
  6. OnePlus 15T Launch Timeline, Chipset Details Leaked: Expected Specifications, Features
  7. Vivo X200T Price in India, Design, Key Specifications Tipped Ahead of Launch
  8. India Becomes World’s Second Largest 5G Base with 400M+ Users, Says Union Minister Jyotiraditya Scindia
  9. Instagram Will Now Let You Dub and Lip Sync Reels Into Five Indian Languages
  10. Bitcoin Trades Above $95,000 as ETF Inflows Drive Market Sentiment
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.