Apple Assembler’s Profit Beat Signals Good iPhone 11 Demand
- Taiwan’s Hon Hai’s net income surpasses analysts’ estimates
- Investors are trying to gauge the iPhone sales rebound
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Hon Hai Precision Industry Co. reported quarterly profit above analysts’ estimates, indicating solid demand for Apple Inc.’s iPhone 11 range.
The assembler of most of the world’s iPhones and iPads posted net income of NT$30.7 billion ($1 billion) for the September quarter, compared with an average estimate of NT$27.7 billion.