Taiwan's Hon Hai profit up 12.7% in 2013 on iPhone demand

Taiwan tech giant Hon Hai Precision, the world's largest contract manufacturer for electronics, saw its net profit rise 12.7 percent on-year in 2013, bolstered by demand for Apple's new products. Hon Hai, better-known as Foxconn, is the world's biggest iPhone and iPad maker and saw its profits rise thanks to the release of the iPhone 5s and iPhone 5c in September 2013. Its net profit last year ...

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