Hon Hai Precision Industry, trading as Foxconn, reports a 20% jump in Q2 2021 with NT$1.36 trillion revenue. The record sales are accredited to strong demand for consumer products like iPhones and other electronics.
Foxconn assembles iPhones for Apple, and in April, the manufacturer reported a $47 billion increase in revenue for Q1 2021. The 44% jump was because of iPhone 12 series’ high demand during the pandemic and the upward trend is continuing. Previously, it was reported that Foxconn announced bonus pay for new employees at the Zhengzhou plant in China to encourage them to work the required hours for production of the new iPhone 13 series.
iPhone assembler, Foxconn earned NT$1.36 trillion revenue in Q2 2021
Bloomberg reports that the COVID-19 work at home situation, advanced devices, and servers have boosted the revenue of the tech companies like Foxconn.
The strong showing from the world’s largest contract electronics maker suggests demand for iPhones, gaming consoles and servers remains robust as consumers snatch up devices for remote work, home-schooling and entertainment needs. Companies are also spending on technology, expanding data-center infrastructure to better serve customers’ online activities.
- Hon Hai also reported June sales of NT$401.6 billion
- Its year-to-date revenue came to NT$2.7 trillion
The Economic Daily News confirmed that Apple’s new smartphone series will be branded ‘iPhone 13 and that Hon Hai (aka Foxconn) has acquired all orders for production of iPhone 13 Pro and iPhone 13 Pro Max models, expected to launch in September. The estimated shipment orders for the upcoming series are estimated to increase from 225 million to 228 million. So, the high demand will again be lucrative for Apple’s manufacturing partners in the second half of the year, as well.
All orders for the top 6.7-inch iPhone 13 Pro Max. , 68% of the 6.1-inch iPhone 13 is also handled by Hon Hai, and about 60% of the orders for the 6.1-inch iPhone 13 Pro are also taken by Hon Hai, assisting Hon Hai’s peak season camp in the second half of the year.