Foxconn, the manufacturer responsible for the production of most of Apple’s iPad and iPhones, has reported a swift 13 per cent rise in net profit to 106.7B new Taiwan dollars (US$3.5B).
The report comes from the WSJ, with the rise in profit following record iPhone and iPad sales, despite the number of people using competing Android smartphones and tablets constantly growing.
Despite this, Foxconn plans to look into new routes and opportunities with the aim of reducing its dependence from Apple, where 40 per cent of the company’s overall revenue comes from.
Foxconn’s profit rise comes after Apple’s $57.6B record profit announcement for its fiscal Q1 2014, with sales of 51 million iPhones, 26 million iPads, 6 million iPads, and 4.8 million Macs recorded.
