Hon Hai: June Revenues May Not Bode Well For Apple
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Nov. 22, 2013, 12:07 PM
Nov. 21, 2013, 2:51 PM| Comment!
Apr. 10, 2013, 11:16 AMFoxconn parent Hon Hai (HNHAF.PK), 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. | 28 Comments
Feb. 3, 2013, 2:52 AMSix months later (original), RadioShack (RSH) formalizes the terms of its Asia joint-venture with Cybermart (HNHPF.PK). Cybermart will own 51% of the JV, which could see the retailers opening small-format stores in China, Taiwan, Hong Kong and Macau. RSH shares are -68.5% Y/Y, but +43.9% M/M - the start of a new uptrend, or an opportunity to dump shares. | Comment!
Jul. 5, 2011, 11:48 AM
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