Hon Hai Precision Industry Co., the world’s largest contract electronics maker, reported more than 13 percent sales growth for October, due to strong global demand for consumer electronics devices, market analysts recently reported.
Dubbed as one of the “Apple concept stocks” in the local bourse, Hon Hai, which assembles iPhones and iPads for Apple Inc., has benefitted from the launch of the U.S.-based consumer electronics giant’s iPhone 5S, iPhone 5C, iPad Air and iPad mini 2 in the past two months, analysts said.
In October, the company posted US$13.01 billion in consolidated sales, up 13.24 percent from a month earlier, and also up 13.15 percent from a year earlier. The October sales hit a high so far this year.
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