Hon Hai Precision Industry Co.

Apple’s top iPhone supplier goes to outer space with new satellites

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Apple’s top iPhone supplier goes to outer space with new satellites

The world’s biggest producer of iPhones is going to outer space. Two prototype low-Earth orbit satellites made by Hon Hai Precision Industry Co., better known as Foxconn, took off aboard a SpaceX rocket from Vandenberg Space Force Base in southern California on Saturday.  The launch of the LEO satellites marks a key moment for the … Read more

iPhone maker Foxconn’s sales decline as China begins probe

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iPhone maker Foxconn’s sales decline as China begins probe

Hon Hai Precision Industry Co.’s October sales slid, reflecting uncertainty in its business after Beijing launched an investigation into the world’s biggest iPhone assembler. Apple Inc.’s most important partner, also known as Foxconn, reported a 4.6% decline in October revenue to NT$741.2 billion ($23 billion). It’s also sticking with a “significant growth outlook” for the … Read more