Taiwan's Hon Hai faces difficult year, despite profit leap

Taiwan's tech giant Hon Hai Precision Industry, a major supplier to Apple, saw its profit rise 22.34 percent in 2014 due to demand for larger-screen iPhones. The profit boost for Hon Hai -- also known as Foxconn -- reflects Apple's booming iPhone sales, which saw the US firm's quarterly profit rocket to a record $18 billion at the end of last year, with its large-screen iPhone models especially ...

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