Foxconn earnings get a boost thanks to the popularity of the iPhone 6

Foxconn saw record-high profits in the first three months of 2015, thanks in large part to the strong demand for the iPhone 6 and iPhone 6 Plus. Apple's primary manufacturing partner in China, which is also known as Hon Hai Precision Industry, saw its earnings jump by 56% over the previous year, following Apple's success in the same time frame.

From The Wall Street Journal

Hon Hai Precision Industry Co., Apple Inc.'s major assembler, rode strong demand for large-screen iPhones to its highest first-quarter profit growth in a decade, and with investors clamoring for higher returns it roughly doubled its stock dividend. The Taiwan-based company's earnings rose 56% from a year earlier, exceeding 33% profit growth for the fourth quarter, a peak period as consumers splurge on gadgets during the year-end holiday season.

The relationship with Apple is an important one for Foxconn. The company derives almost half of its revenue from Apple. They are said to be building a $2.6 billion display facility for a single client, which would most likely be Apple.

Source: The Wall Street Journal

Joseph Keller

Joseph Keller is the former Editor in Chief of iMore. An Apple user for almost 20 years, he spends his time learning the ins and outs of iOS and macOS, always finding ways of getting the most out of his iPhone, iPad, Apple Watch, and Mac.