Foxconn dad or mum firm Hon Hai earned $47 billion within the first quarter of 2021, up 44% from final yr, reportedly on demand from residence staff shopping for iPhone 12 fashions.
Following its January gross sales document primarily based on demand for the iPhone 12 vary, Foxconn’s dad or mum firm Hon Hai Precision Business, has seen 44% development for the reason that similar time final yr.
Based on Bloomberg, the growth described within the Taiwanese producer’s newest earnings report, is right down to demand for Apple’s 5G units, and dealing from residence brought on by the coronavirus.
The 44% rise does come one yr after Foxconn reported a extreme revenue drop due to COVID-related points. Nonetheless, this newest quarter noticed it incomes $47 billion. Its March gross sales alone had been roughly $15.43 billion.
Bloomberg experiences that shares in dad or mum firm Hon Hai have gained 57% within the final two quarters, primarily based mainly on the agency’s plans for the electrical car market.
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