Hon Hai’s sales reach third quarter high

Taipei –  Smartphone assembler Hon Hai Precision Industry Co. reported record-high third-quarter sales Tuesday, with market analysts citing the unveiling of the iPhone 13 by Apple Inc. in September as the primary driver of growth.

In a statement, the world’s largest contract electronics maker said it posted approximately NT$1.4 trillion (US$50 billion) in consolidated sales for the third quarter of 2021.

Hon Hai’s sales were up 8.8 percent from a year earlier and 3.44 percent on the preceding quarter, after the company generated better than expected revenue in September.

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