Strong iPhone 6 demand helps Foxconn achieve 56% rise in year-on-year earnings
Record iPhone sales helped Apple’s lead manufacturer Foxconn to achieve 56% growth in year-on-year earnings, Apple representing almost half the company’s turnover. Foxconn achieved its highest first quarter profit growth in a decade, reports the WSJ.
The company also more than doubled its 2014 dividend from NT$1.80 per share to NT$3.80 (US$0.06 to 0.12).
Apple announced last month that it sold 61.1M iPhones in its fiscal Q2, demand for its larger-screened phones remaining extremely strong after the initial record start. Two analysts with strong track-records yesterday predicted that this success is likely to continue, forecasting sales of 51M iPhones in the current quarter.