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  • Previous Rank31
  • Revenues ($M)$141,213
  • Revenue Percent Change1.6%
  • Profits ($M)$4,627
  • Profits Percent Change7.4%
  • Assets ($M)$70,287
  • Employees1,060,000

Hon Hai Precision Industries, known as Foxconn, grew to vast scale by helping build Apple’s iPhone into a world leader. But with the introduction of the iPhone 6 in late 2014, Foxconn saw its good fortune start to reverse. Competitor Pegatron grabbed a chunk of iPhone assembly work and smaller firms also won away some of its phone case manufacturing role. Then the summer of 2015 saw a huge slowdown in smartphone sales and weakness across the Chinese economy. It was also a year of diversification, as CEO Terry Gou pledged to build a $5 billion factory in western India, with plans for possibly a dozen more to follow. As the year came to a close, Gou signaled vague interest in troubled Japanese electronics firm Sharp — interest that grew more intense and turned into a bid for the company in 2016.

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Company Information

Terry Gou
Electronics, Electrical Equip.
HQ Location
New Taipei City, Taiwan
Years on Global 500 List12
Figures prepared in accordance with International Accounting Standards.

Hon Hai Precision Industry Rank History

Key Financials (last fiscal year)

($ Millions)% change
Revenues ($M)$141,2131.6%
Profits ($M)$4,6277.4%
Assets ($M)$70,287-
Total Stockholder Equity ($M)$30,682-

Profit Ratios

Profit as % of Revenues3.3%
Profits as % of Assets6.6%
Profits as % of Stockholder Equity15.1%