Hon Hai Posts Record Profit as Apple Expands Product Line
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Hon Hai Precision Industry Co., the world’s largest contract manufacturer of electronics, posted record quarterly profit after it boosted production efficiency and output of Apple Inc. iPhones and iPads.
Fourth-quarter net income climbed 5.6 percent to NT$37 billion ($1.2 billion), according to data compiled by Bloomberg based on full-year results published yesterday. That’s ahead of the NT$35.9 billion average of 14 analyst estimates compiled by Bloomberg.