Hon Hai Posts Surprise Profit Rise After Record iPhone Sales
- Apple’s main assembler benefited from strong holiday business
- 10th anniversary iPhone expected to fuel sales in 2017
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Hon Hai Precision Industry Co.’s reported an unexpected rise in quarterly earnings after the main assembler of Apple Inc.’s devices rode record iPhone sales during the pivotal holiday shopping period.
The world’s biggest contract manufacturer of electronics reported a 30 percent increase in net income to NT$68.8 billion ($2.3 billion) in the three months ended December, according to Bloomberg calculations derived from previously released data. That surpasses the NT$48.8 billion average of analysts’ estimates.