Hon Hai Third-Quarter Profit Climbs 15% as IPhone Demand Rises
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Hon Hai Precision Industry Co., the world’s largest contract manufacturer of electronics, had a 15 percent increase in third-quarter profit as rising sales of Apple Inc. iPhones and Dell Inc. computers offset higher wages.
Net income rose to NT$21 billion ($685 million) in the three months to Sept. 30, from NT$18.3 billion a year earlier, according to Bloomberg calculations based on nine-month earnings filed to the exchange today. The average of 10 analyst estimates compiled by Bloomberg was for profit of NT$21.5 billion.