Revenues of OEM handset maker FIH expected to hit US$10 billion in 2006
Jul 31, 2006
Foxconn International Holdings (FIH), the Hong Kong-listed handset subsidiary of Foxconn Electronics (the registered trade name of Hon Hai Precision Industry), is expected to see revenues grow by over 50% on year to US$10 billion in 2006, according to market sources. A previous report stated that FIH's revenues for 2006 was expected to expand more than 30% on year to US$8 billion from the US$6.36 billion it recorded in 2005. For the first half of this year, the company was expected to generate revenues of US$4 billion, the sources noted.
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