Menu
Biggest contract electronics maker posts strong Q2

Biggest contract electronics maker posts strong Q2

Hon Hai, the world's largest contract electronics manufacturer, increased its lead over rivals in the second quarter, posting a 30 percent rise in sales.

Hon Hai Precision Industry, the world's largest contract electronics manufacturer, continued to increase its lead over rivals in the second quarter, posting a 30 per cent rise in sales.

The company, which counts Dell and HP among its PC customers, makes iPods for Apple Computer, mobile phones for Nokia, and PlayStation game consoles for Sony, reported that its sales rose to $NT184.95 billion ($US5.67 billion as of June 30, the end of the three month period being reported.) Hon Hai's net profit rose 43 per cent to $NT12.78 billion.

The company has been embroiled in bad publicity over the alleged mistreatment of workers at an iPod factory run by one of its China subsidiaries. An investigation by Apple Computer found little wrong at the site, but the issue continued to dog the company.

Hong Fujin exported $US14.47 billion worth of IT products from China last year, making it number one in that category, according to China's Ministry of Commerce.

The second biggest electronics manufacturer in the world, Flextronics International, has vowed to regain market share from its rival this year. The Singapore-based company reported revenue of $US4.06 billion and a net profit of $US85 million for the three months ended June 30, short of Hon Hai on both figures.


Follow Us

Join the newsletter!

Error: Please check your email address.
Show Comments