Foxconn parent Hon Hai (OTCPK:HNHAF), which is believed to get 60%-70% of its revenue from Apple (AAPL +1.2%), reported a 19% Y/Y drop in calendar Q1 sales to $27B. KGI Securities: "A quarterly decline was expected, but not a yearly decline ... This shows that Hon Hai's revenue depends too much on Apple, and iPhone orders corrected more than expected." Nonetheless, Apple is following the tech sector higher, a possible sign a weak Q1 is priced in.
Foxconn parent Hon Hai (OTCPK:HNHAF), which is believed to get 60%-70% of its revenue from Apple...
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Symbol | Last Price | % Chg |
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HNHAF | - | - |
Hon Hai Precision Industry Co., Ltd. |