Hon Hai Precision Industry Co, maker of Apple’s iPhone and iPad devices, has seena rapid increasein revenues month on month, overcoming a recent Foxconn plant explosion to post revenue growth of 13.9% from May to June.
The Chinese manufacturer saw demand for the iPhone and iPad 2 contribute to sales revenue of NT$228.4 billion, increasing 15,7% year on year. The company ended the second quarter with sales revenue of NT$633.8 billion, up 14.4% from its laest quarter, according to the company’s latest financial filing.
Hon Hai’s performance has surprised analysts, who believed the impending release of a new iPhone and iPad device later in the year would result in a cooling of consumer interest. However, Hon Hai totalled NT$1.1879 trillion in combined revenue for the first half of this year, an increase 27.83% from a year earlier, helped by the company’s ability to resume shipments from its damaged Foxconn plant, where anexplosion forced the factoryto temporarily cease iPad production.
The iOS device maker is expected to continue its success into the third quarter, with it expected to begin shipping new iPad and iPhone devices ready for Apple’s September launch.
Despite increased sales, Hon Hai has struggled to turn revenues into profit, citinghigh manufacturing costsand factory relocations for declining profits in the first quarter of 2011. Company chairman Terry Guo believes the company will start to benefit from relocation and manufacturing changes in 2012.
Story byMatt Brian
Matt is the former News Editor for The Next Web. You can follow him on Twitter, subscribe to his updates on Facebook and catch up with him(show all)Matt is the former News Editor for The Next Web. You can follow him onTwitter, subscribe to his updates onFacebookand catch up with him onGoogle+.
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