TECH - Apple's Largest iPhone Manufacturer Reports Its Best-Ever April Revenue Amid 'Stronger' iPhone Demand | Benzinga
Apple Inc.'s (NASDAQ:AAPL) largest iPhone manufacturer, Hon Hai Precision Industry Co. (OTC:HNHPF), also known as Foxconn, has seen its shares soar to an all-time high in Taiwan after reporting its best April revenue.
What Happened: The Taiwanese company, responsible for manufacturing the majority of Apple Inc. (NASDAQ:AAPL)’s smartphones, reported a 19% surge in monthly revenue to $15.8 billion (NT$510.9 billion) in April, compared to $13.3 billion (NT$429.2 billion) in the same month last year, Bloomberg reported.
This marked a record high for April, according to a statement from Hon Hai.
Hon Hai shares in Taiwan gained 7.37% to close at TW$167.50, apiece.
According to a research note from Citigroup analysts, the computing segment experienced the most significant month-on-month growth, ...