Hon Hai Precision Industry Co., Ltd., the world's largest manufacturer of electronic products

May 14--the world's largest electronics foundry manufacturer Hon Hai Precision Industries (hereinafter referred to as "Hon Hai") today released its first quarterly financial report for 2014. According to the report, Hon Hai's net profit in the first quarter of this year was at its highest level in history and surpassed industry analysts ' expectations in the first quarter of 2014, as Apple's demand for the company's iphone smartphone was strong because of the strength of its big client, the company.

In the first quarter of 2014, Hon Hai's revenue was NT $883.48 billion, an increase of 9% from NT $809 billion a year earlier.

In the first quarter of 2014, Hon Hai's net profit was 19.83 billion NT dollars (about $658 million trillion), up 21% from NT $16.35 billion over a year earlier, and more than 18.18 billion NT, Reuters analysts expect.

Analysts believe that about 60% of Hon Hai's revenue comes from assembling Apple products, such as the iphone 5S. Now, as industry watchers see the growth of smartphones slowing, Hon Hai's foundry products in recent months have also begun to diversify in the software sector.