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Foxconn makes a cool $3.2 billion in net profit, thanks Apple for letting them make their iPhones

Foxconn see a net income of $3.2 billion for 2012, manufacturing those iOS devices helps now, doesn'

| Business, Financial & Legal News | Posted: Mar 26, 2013 11:31 am

Foxconn Technology have reporte their earnings for the year, seeing a nice net income of $3.2 billion according to the Financial Times. The company otherwise known as Hon Hai Precision are the company known for manufacturing some of the most popular devices in the world.

 

TweakTown image news/2/9/29332_01_foxconn_makes_a_cool_3_2_billion_in_profits_thanks_apple_for_letting_them_make_their_iphones.jpg

 

If you didn't already know, these devices are better known as the iPhone, iPad and iPod. Hon Hai Precision are what they go by in their home country, where they beat analysts' predictions on high margins for these iOS-based products. Foxconn International Holdings is the world's largest cellphone maker, where they produce devices for a multitude of companies, including Apple, Nokia and Motorola, but suffered a net loss of $316.4 million.

 

Because of this, there is now some concerns that Foxconn's huge reliance on Apple is going to be a problem going into the future.

NEWS SOURCE
Engadget.com

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