Disappointing iPhone Demand Results in 19% Q1 Sales Drop for Foxconn?

Disappointing iPhone Demand Results in 19% Q1 Sales Drop for Foxconn?

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Hon Hai Precision (Foxconn) reported a 19% drop in sales for Q1 year-over-year, hurt by disappointment demand for the iPhone, reports Reuters.

From January to March, Hon Hai's sales totaled T$808.97 billion ($26.96 billion), down from T$988.34 billion in the fourth quarter and T$1 trillion in the first quarter last year.

"A quarterly decline was expected, but not a yearly decline," said KGI Securities analyst Ming-chi Kuo. "This shows that Hon Hai's revenue depends too much on Apple, and iPhone orders corrected more than expected."

Kao expects Hon Hai to post flat year-over-year sales for the second quarter which will put pressure on the company to perform in the second half of the year. Apple accounts for about 60-70% of the company's revenue; however, there has been no official confirmation that its sales drop is Apple related.

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Disappointing iPhone Demand Results in 19% Q1 Sales Drop for Foxconn?
Producer James - April 11, 2013 at 1:07am
This articles makes no sense. How can you state that there is a 19% decline in iphone sales and then say there is no confirmation that it's related to Apple. Facts..........get them before you print something like this.
angexpress - April 10, 2013 at 11:10pm
I don't think this article is accurate. I'm an IT person and I've seen 60% of blackberry users at my company switch to iPhone 5's with no complaints. When the iPhone 4s was released, all I heard was people complaining about the lack of keyboard and wouldn't swap over. I haven't heard one complaint about anyone who switched from bb to the iPhone at my work. We are the biggest PR company (obviously not affiliated with Apple as they do their PR internally).
True - April 10, 2013 at 10:15pm
Thats right ppl getting bored of iphone's every year same sh*t, i have an iphone 5 but is cause im a guy that dont care much about features as long as i do what i want to do with the phone, anyway phones do alot things but i dont do all of them. But i have been seriously thinkin about getting the samsung s4 if apple doesnt come with nothing new, at least the ios make it new.
SomeoneBefore - April 10, 2013 at 9:25pm
since iphone 4s nothing much to change nowaday to APPLE, quality decrease maybe because CHINA made it or produced. in other way..and i'm very not happy with ipad mini which is not retina display and now the cycle of this iphone and ipad (which was just released november i think,) getting faster?... so my phone and ipad price getting drop..
BobbyMeyer - April 10, 2013 at 8:14pm
The Iphone 4 and 4s have a very innovative and classy design which was to be expected since it was hatched under the close supervision of Mr. Jobs. Since the "philosophical" move in Apple under Mr. Cook, there has been a not so primary concern on quality and innovation. Just size changes and skimping on materials and quality. Of course that is my opinion, but it looks like there are some more out there. Thank God the Mini IPad is nice and sold very well. They could have done worse. Wake up guys !!!!!
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