Record Foxconn Sales May Be Boon for Apple (AAPL) in December
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According to data out Tuesday, Foxconn Electronics (Hon Hai Precision) reported record, non-consolidated revs of NT$351.73 billion (about $12.1 billion) for the month of November, a new record for the manufacturer.
Foxconn said the growth was attributed to strong consumer electronics shipments, bolstered by firm performance in its communication-related product segment.
Digitimes reported today that yield rates on in-cell panel manufacturing have improved drastically since mid-November, with 90 percent of Apple's retail channel now receiving product.
Many expect Foxconn to have strong revs in December as well, with demand for the iPhone and iPad expected to see strong demand in China through the end of February 2013. Those devices will begin selling on December 14th.
Apple is up 2 percent on the session Tuesday.
According to data out Tuesday, Foxconn Electronics (Hon Hai Precision) reported record, non-consolidated revs of NT$351.73 billion (about $12.1 billion) for the month of November, a new record for the manufacturer.
Foxconn said the growth was attributed to strong consumer electronics shipments, bolstered by firm performance in its communication-related product segment.
Digitimes reported today that yield rates on in-cell panel manufacturing have improved drastically since mid-November, with 90 percent of Apple's retail channel now receiving product.
Many expect Foxconn to have strong revs in December as well, with demand for the iPhone and iPad expected to see strong demand in China through the end of February 2013. Those devices will begin selling on December 14th.
Apple is up 2 percent on the session Tuesday.
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