iPhone Maker Misses Out While Apple Investors Make 950% Return
This article is for subscribers only.
It’s been one of the greatest money generating consumer products of all time. Yet those profits have barely spilled over to shareholders of the biggest builder of the iPhone.
Taiwan’s Hon Hai Precision Industry Co. has fallen 13 percent since the first iPhone was released in June 2007. Even when factoring in dividends, the total return since then amounts to 11 percent, compared with about 950 percent for Apple Inc.