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Foxconn Gets Boost From Apple’s Sales

Published on March 25, 2013
by Lorraine Luk

Hon Hai Precision Industry Co. said its net profit rose 16 percent in 2012 from the previous year, as the Taiwan-based assembler of Apple Inc. products saw its revenue increase as the U.S. company’s sales grew.

Still, analysts said that the world’s largest contract electronics manufacturer, commonly known as Foxconn, may see its growth slow in the first quarter of this year and beyond, citing concerns over Apple’s sales outlook.

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