Amazon's Fire Phone Boosts Foxconn
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Foxconn Technology, the Taiwanese company that makes iPhones for Apple, has teamed up with yet another big-name tech company from the U.S. FIH Mobile, the conglomerate’s Hong Kong-listed mobile phone maker, is assembling Amazon’s Fire Phone, unveiled Wednesday. FIH also helped design the Amazon smartphone’s unique 3D technology.
The association with Amazon.com and its cutting-edge smartphone has contributed to a nice run for FIH’s shares. Although the stock was flat in Hong Kong trading following the smartphone’s debut, it has jumped 14.6 percent this year—far outpacing the 0.7 percent drop in the benchmark Hang Seng index—partly due to its association with Amazon.