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Hon Hai sales hit new February high
03/05/2021 02:44 PM
CNA file photo
Taipei, March 5 (CNA) iPhone assembler Hon Hai Precision Industry Co., the world s largest contract electronics maker, saw its sales hit a high for February, with market analysts attributing the growth to strong demand for the iPhone 12 models, the latest smartphones from Apple Inc.
In a statement, Hon Hai, known as Foxconn on the global market, said it posted NT$401.89 billion (US$14.30 billion) in consolidated sales in February, soaring 84.81 percent from a year earlier.
Analysts said that despite the reduced number of working days in February caused by the seven-day Lunar New Year holiday, Hon Hai still enjoyed the high year-on-year increase in sales.
Updated Jan 12, 2021 | 15:10 IST
Taiwan-based Foxconn, the leading assembler of Apple’s iPhone, is reportedly in initial talks to launch an IPO worth more than Rs 5,000 crore in India. iPhone maker Foxconn prepares for Rs 5,000 crore IPO in India: Report | Photo Credit: PTI
New Delhi: Foxconn the Taiwanese contract manufacturer and assembler of Apple iPhones among other brands is reportedly in preliminary discussions to float an initial public offer (IPO) worth over Rs 5,000 crore ($680 million) in India.
Taipei-headquartered Foxconn will launch the IPO once it consolidates some group entities in India, people familiar with the matter told
Mint.
Many market analysts are of the opinion that the planned IPO is a huge reflection of New Delhi’s seriousness in luring attracting tech behemoths to the country.