Apple iPhone supplier Foxconn posted a record profit for last quarter after it ramped up operations for iPhone 5 manufacturing, Bloomberg reported today.
Hon Hai Precision Industry Co., better known by its trade name Foxconn, reported a fourth-quarter net income of $1.2 billion (NT$37 billion), exceeding analysts' expectations.
Faced with a high demand for the iPhone 5, the factory group had to smooth out production problems that lead to. The result was raised revenues and margins, according to Bloomberg.
All the latest Apple news, featuring developments on the iPhone, iPad, Macbooks, OS X and much more.
Dec 9Tim Cook to give commencement speech at MIT next summer
Dec 9CNET UK podcast 509: Pope slams fake news and the best wireless headphones
Dec 9Getting a new MacBook Pro? You'll need this, too
Dec 9Watch an Apple store being robbed in 12 seconds