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Major Apple Supplier Hon Hai Of Taiwan Saw December Sales Slump 20 Percent


Ron Burgundy
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The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's headquarters in Tucheng, New Taipei cityBy J.R. Wu TAIPEI (Reuters) - Taiwan's Hon Hai Precision Industry Co, which assembles the bulk of Apple Inc's latest smartphones, saw its December revenues slump by a fifth and full-year sales miss expectations. The results, published on Friday, came amid growing concerns about slowing shipments of Apple's latest iPhone 6S models, which Hon Hai assembles. Analysts said Hon Hai's results could be an indicator of demand for Apple's products in the first quarter of this year, but added that period was not normally a peak selling season and past iPhone cycles had followed a similar pattern, where an interim update on a model edition tends to see slower sales.




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