You are here: Home » International » News » Companies
Business Standard

Hon Hai's profit falls most since 2008

Apple's decision to adopt technically demanding facial-scanning sensors for the iPhone X initially stymied some suppliers

Bloomberg 

iPhone X, Apple
iPhone X

Precision Industry posted its biggest earnings decline in almost nine years as technical hiccups disrupted production of Apple’s 10th-anniversary  

Apple’s main device-assembler reported a 39 per cent decline in net income to NT$21 billion ($696 million) in the three months ended September, lagging the NT$37.2 billion projected. That was the largest fall in profit since the final quarter of 2008 for the Taiwanese company, which gets more than half its business from

Apple’s decision to adopt technically demanding facial-scanning sensors for the X initially stymied some suppliers and held back Hon Hai’s business in turn.

First Published: Wed, November 15 2017. 01:40 IST
RECOMMENDED FOR YOU