Foxconn Posts Record Q1 Profits On Strong Sales Of Apple’s iPhone 6

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Recently, Hon Hai pulled in NT$30.39 billion which is around $998 million, this was in net profits during the March quarter, which The Wall Street Journal reported on Friday. Facing pressure from asset manager BlackRock, which they increased their dividend payout from NT$1.80 per share to NT$3.80, or from roughly 6 cents to 12 cents. Read more

Apple Begins iPhone Trade-In Program In China, With Foxconn’s help

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In recent news, Bloomberg reported that “Consumers will be able to take older iPhones to Apple stores in China for credit against the company’s products as soon as March 31, the people said, asking not to be identified as the details aren’t public.”

The publication site went on to say “Foxconn Technology Group will buy and re-sell the phones as part of the program, one of the people said. Natalie Kerris, an Apple representative, didn’t respond to a request for comment. Foxconn declined to comment.” Read more