Hon Hai Precision Industry Co., who does business as Foxconn, who are better known as “those guys who put together Apple’s devices,” have posted revenue information that surpasses analyst expectations. This in the face of reduced orders from Apple.
Foxconn’s revenue for the second quarter of 2013 was NT$897 billion ($30 billion), according to data released by the company earlier today. This figure is 0.6% higher than a year earlier and surpasses the NT$829 billion average that most analysts were expecting.
Foxconn was able to make up for any losses they may have from Apple with orders for televisions. Bloomberg reports that Foxconn has been looking for ways to boost non-Apple revenue via televisions, and more efficient manufacturing.
“It’s definitely a surprise with only some areas like TVs being the bright spots because iPhone is still weak,” said Arthur Liao, of Fubon Financial Holding Co. in Taipei. “The question is whether it can be sustained because new Apple devices won’t come until the end of the third quarter.”
Increased orders from Chinese clients, along with aggressively selling large-screen TVs are thought to have helped Foxconn offset the drop in orders from Apple.
