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.
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.
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