Hon Hai Q2 Profits 35% iphone contribution 40% Credit

NetEase technology News August 14, according to foreign media reports, Taiwan's Hon Hai Precision released yesterday's two quarterly earnings show, the company's profit year-on-year growth of 35%, to 16.98 billion NT dollars (about $566.7 million), better than Wall Street average expectations. Apple's Better-than-expected iphone shipments in the two quarter played a key role in the season's profits. As the new iphone is due to be released in the autumn, analysts generally expect Apple's two-quarter iphone shipments to be low. But the company reported a total of 31.2 million sales in the second quarter of the iphone, a figure larger than Wall Street's expectations. And, according to the Wall Street Journal, the former has contributed at least 40% per cent to its two-quarter profit growth, considering Apple's share of the company's total revenues. Market watchers believe demand for the iphone will grow again in the third quarter as Apple is set to launch a series of new products before the holiday season. It is reported that Foxconn (Hon Hai's subsidiary) is now stepping up recruitment of new staff to make Apple a new product to be released this fall. One of the most important of these is iphone 5S, the next-generation Apple flagship smartphone, but there is also news that Apple will release a new, iphone 5C of inexpensive models, but the latter is assembled by Foxconn's main rival Heshuo. Earlier, a person familiar with the matter said that Apple would hold a media conference on September 10, which is expected to officially release new products such as the iphone 5S and iphone 5C. If Apple's previous product release schedule is still valid, it is expected to buy a new generation of iphone smartphones as early as September 20. (Lu Xin)