Hon Hai survived loss caused by iPhone delay with $2.2 billion sharp gain

Company is sole maker of Apple's priciest gadget

Hon Hai Precision Industry felt the squeeze from last year’s delayed launch of Apple’s iPhone X, the latest results from the world’s largest electronics contract manufacturer show. Were it not for a one-time gain of $2.2-billion from the sale of Sharp shares, analysts say, it would have been the company’s worst holiday quarter since at least 2010.

Hon Hai reported net income of NT$71.7 billion ($2.5 billion) in the three months ended December, based on calculations using previously reported earnings. That exceeded the NT$58 billion average estimate of analysts. Fourth-quarter revenue reached an all-time high of NT$1.73 trillion. Earnings per share