IPhone Maker Hon Hai Hits a Record High Buoyed by AI, Apple
- Hon Hai’s April revenue rose 19% to nearly $16 billion
- Company said the April revenue was a record for the month
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Hon Hai Precision Industry Co.’s shares jumped to a record high after posting its strongest monthly sales growth since the start of 2023, potentially raising expectations for iPhone and AI server sales.
The company, which assembles the majority of Apple Inc.’s smartphones, reported a 19% rise in monthly revenue to NT$510.9 billion ($15.8 billion), compared with NT$429.2 billion in April 2023. That was a record for the month, Hon Hai said in a statement. Its stock rose by as much as 6.7% on Monday, the most intraday in about two weeks.