IPhone assembler Hon Hai Precision Industry Co. reported a 20% jump in second-quarter revenue as the pandemic continues to drive demand for electronics from Apple Inc. and other clients.
Revenue in the three months through June rose to NT$1.36 trillion ($48.7 billion), the Taiwanese manufacturer reported, versus estimates for NT$1.34 trillion.
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
Source: Bloomberg
More Stories
Micron Falls on Memory Concerns Even as Some Analysts See Bottom
Sequoia’s China Portfolio Hits Speed Bump After Tech Crackdown
SolarWinds Hack Reached 27 U.S. Attorneys’ Offices, Justice Says