Apple Smartphones helped Hon Hai Precision hold quarterly revenue

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POSTER: computer news   ||   APPLE SMARTPHONES HELPED HON HAI PRECISION HOLD QUARTERLY REVENUE	DATE:2016-11-13
On Friday, the Taiwanese company Hon Hai Precision Industry, which includes the well-known group of Foxconn, reported on the work in the third quarter of 2016 calendar year.  Despite the decline in demand for smartphones and net quarterly profit of Hon Hai Precision was higher than expected market analysts.  For the third quarter, the company posted a net profit of 34.6 billion New Taiwan dollars (about $ 1.1 billion).  However, for the year Net income decreased by 8.7%.  Revenue for the quarter in respect of the annual decreased slightly, but not critical - up to NT $ 1,07 bln. Reduced profitability of the company is due to objective reasons - the company Hon Hai Precision Industry has invested in the purchase of Japanese company Sharp increase in funding its development.  Thus, for example, is expected to start production of OLED-displays on Sharp lines with subsequent transfer to the new Apple smartphone type displays.   Other major investments the company Hon Hai Precision Industry considered robotic pickers Foxbot. While Foxbot work on assembly lines for assembling Apple smartphones, which dramatically reduces the production cost  .  In the future, the company plans to use robots to build other products, including, probably, the assembly of electric vehicles.  While the company's revenue and profit to support Apple smartphones, which in the reporting quarter were sold better than expected - for the quarter were sold 45.5 million iPhone.   Related Products :

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