Foxconn Reports Strong December Revs; Sees PC Slowing (AAPL) (DELL)
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/7/2026
- Wall St set to fall at open as yields and oil rebound; Fed minutes in focus
- Want to be a stock market bear? BCA says watch potential U.S. tax increases
- SpaceX seeks $40bn in financing for Nvidia chip purchase
- Chip stock could soar nearly 200%, analyst says: "If you don’t buy it, they will"
- Musk rules out TSMC role in Terafab operations; Intel gains
Tweet
Share
E-mailGet Alerts AAPL Hot Sheet
Price: $335.07 +0.43%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.3%
Revenue Growth %: +10.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.3%
Revenue Growth %: +10.4%
Join SI Premium – FREE
ODM to the stars Foxconn (Hon Hai Precision) was out with another solid revenue report Thursday.
According to the company, revenue rose 13.9 percent to NT$360.94 billion. The news comes following a 16.4 percent gain in November to NT$351.73 billion.
Overall, revenue rose 16.1 percent to NT$2.77 trillion in 2012.
That compares with a 19.9 percent gain in 2011 and 19.89 percent growth last December.
Foxconn benefited on increased orders for consumer electronics goods, most notably, Apple's (Nasdaq: AAPL) iPhone and iPad mini. Foxconn noted that, although revs rose, contribution from PC sales was ebbing.
The PC news is a negative for companies like Dell (Nasdaq: DELL) and Hewlett-Packard (NYSE: HPQ), which have had a large presence in the PC market, but haven't been able to successfully garner a large share of tablets and have no presence in the smartphone market.
According to the company, revenue rose 13.9 percent to NT$360.94 billion. The news comes following a 16.4 percent gain in November to NT$351.73 billion.
Overall, revenue rose 16.1 percent to NT$2.77 trillion in 2012.
That compares with a 19.9 percent gain in 2011 and 19.89 percent growth last December.
Foxconn benefited on increased orders for consumer electronics goods, most notably, Apple's (Nasdaq: AAPL) iPhone and iPad mini. Foxconn noted that, although revs rose, contribution from PC sales was ebbing.
The PC news is a negative for companies like Dell (Nasdaq: DELL) and Hewlett-Packard (NYSE: HPQ), which have had a large presence in the PC market, but haven't been able to successfully garner a large share of tablets and have no presence in the smartphone market.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Apple (AAPL) call put ratio 2.1 calls to 1 put as share price near record high
- This retail stock offers a buying opportunity: Piper
- BofA says cable maker 'offers a rare opportunity' to tap Europe's electrification boom
Create E-mail Alert Related Categories
Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
