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May 30, 2017

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Hon Hai reports 8.19% monthly sales fall

TAIPEI, Taiwan -- Hon Hai Precision Industry yesterday reported an 8.19-percent decline in consolidated revenue for January on a year-on-year basis.

The electronics giant this year uses International Financial Reporting Standards to account for its sales, which stood at NT$313.527 billion last month, a decline of 8.19 percent from the NT$341.478 billion for January 2012.

For December 2012, Hon Hai reported unconsolidated sales of NT$360.944 billion, which was a record high.

According to the firm, the monthly decline was in line with what is typically seen in this time of the year.

Experts, meanwhile, attributed the decline to orders placed by Apple, Hon Hai's biggest client.

"Apple launched the iPhone 4S back in October 2011, and orders to Hon Hai remained strong till January of the following year," experts said. "However, the iPhone 5 that Apple launched last year saw slower sales, which dragged down Hon Hai's January shipments."

By the end of last year, Apple products accounted for 40 to 50 percent of Hon Hai's total sales, experts said. Of that figure, the manufacturing of iPhones and iPods accounted for 20 to 25 percent, while the manufacturing of iPads and Mac computers accounted for 15 to 20 percent.

According to experts, a change to that product mix is unlikely in the first quarter, yet whether a change will take place during the rest of the year remains to be seen.

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