Foxconn Rides Wave of 'iPhone 8' Expectations
- Billionaire Gou is re-shaping his company, mulling U.S. plant
- Sharp’s northward surge is helping buoy its stock as well
Apple Closes at Record High on Optimism for Next iPhone
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Growing optimism about the next iPhone has propelled Apple Inc. to record highs. Halfway around the globe, a lesser-known Taiwanese company is riding that same wave of euphoria.
Hon Hai Precision Industry Co., the main assembler of the U.S. company’s smartphones, has gained 29 percent in the past year, with its shares touching a decade-high on optimism about Apple’s 10th anniversary iPhone. That’s helped the biggest company in Foxconn Technology Group defy a flat-lining mobile market on expectations Apple will use the anniversary to introduce its most advanced and popular device yet.