Ad
Ad
Ad
Ad
Ad
©yuriy-chaban-dreamstime.com Electronics Production | March 23, 2012

Profit in 2011 for Foxconn's handset unit

Foxconn International Holdings, a company under Foxconn Technology Group, returned profit in a competitive 2011 financial year, following cuts in excess production and R & D .
The company reported a net profit of 72.8 US million dollars was up 133 percent from last year’s 218 US million loss. The figures are for the 2011 financial year ended Dec. 31.

In a financial statemetn, the comapny said that competition for OEM market share was strong in 2011 and it continued to divest less-utilized equipment and manufacturing resources in response. The company also cut back on R & D in some areas.

Smart mobile devices are expected to receive the most attention from consumers in the next year, but Foxconn said it expects the market to remain volatile.

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Load more news
September 25 2017 3:40 PM V8.7.2-1