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Daily News

Hon Hai/Foxconn Sales Down in April
May 30, 2013
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Hon Hai Precision Industry Company Ltd. reported consolidated April sales were down 5.08% year-on-year to NT$291.758 billion (approx US$7.74 billion).

The company is based in Taiwan and reports its financial results in Taiwan New Dollars.

Year-to-date revenue was down -15.89% from the first four months of 2012, to NT$1.100 trillion.

Hon Hai is the Taiwanese parent company to Hon Hai/Foxconn Technology Group, one of the world's largest contract manufacturers of consumer electronics products. The company produces millions of products annually for Apple, Sony, Amazon, Toshiba, Dell, HP, and other consumer electronics companies.

The company has several factories in Hungary, the Czech Republic, Slovakia, Mexico, Brazil, India, and Malaysia, and has its largest production hub in China. Its massive Longhua, Shenzhen, factory is estimated to have a quarter-million employees or more.

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