Hon Hai Precision Industry Co., the company responsible for mounting iPhones for Apple Inc., had an exceptional month in April with its sales revenue rising by 19% compared to the previous year. The company reported monthly profits of NT$510.9 billion, surpassing the NT$429.2 billion earned in April 2023. This significant increase in revenue has even broken the company’s previous April sales records. The success in iPhone sales and the favorable condition of the AI-related business field are likely contributing factors to this outstanding performance.
Hon Hai plays a crucial role in the production of iPhones, and the strong sales in April have raised expectations for high productivity in the market. The company’s continuous innovation and dominant position in the smartphone industry have been key factors in its success. Although the previous quarter saw a decline of nearly 10% in revenue, mainly due to a flagship product transitioning to a new category, the recent recovery in sales suggests that future quarters will be much more favorable.
The company’s focus on AI-related industries and strategic diversification have also played a significant role in its success. With huge orders for Advanced Manufacturing and the launch of data center server racks and other AI equipment, Hon Hai has demonstrated its proactive approach in exploring different fields. This diversification strategy helps mitigate the risks associated with iPhone sales and positions the company to capture the growing market for AI-integrated devices, aligning with industry trends and consumer demands.
