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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

CEO
Terry Gou
Sector
Technology
Industry
Electronics, Electrical Equip.
HQ Location
New Taipei City, Taiwan
Employees1,060,000
Websitehttp://www.foxconn.com
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%