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Hon Hai reported a 19 percent sales decline for Q1 2013 compared to Q1 2012

Hon Hai Precision Industry Co. saw an unexpected yearly decline in the first quarter of 2013 thanks to shrinking demand for Apple's iPhone. Hon Hai reported a 19 percent sales decline for Q1 2013 compared to Q1 2012. While analysts were expecting quarterly decline from Q4 2012, they didn't see the yearly decline coming.

Hon Hai posted sales earnings of T$808.87 billion ($26.96 billion USD) for the quarter ended March 2013. This was a drop from T$988.34 billion in Q4 2012 and a further decline from T$1 trillion in Q1 2012. 

Hon Hai, which collects about 60 to 70 percent of its revenue from the iPhone and iPad, saw a decrease in sales due to low demand for the iPhone in particular. 

Apple has hard a hard time keeping up the momentum of its products, and it shows in the company's shares. Shares have fallen from $702.10 in September to $426.98 as of today. Also, Apple's iPhone only represented about 19 percent of worldwide smartphone shipments in 2012 while all Android-powered smartphones accounted for about 70 percent.

Android will even beat Apple in the tablet sector this year, according to a new report from IDC. IPad shipments are expected to make up 46 percent of the tablet market for 2013, down from 51 percent in 2012. Android-powered tablets are expected to increase their market share to 49 percent in 2013, up from 42 percent in 2012.

Samsung is a particularly strong competitor to Apple as far as Android-powered devices go. We even saw a bit of fear in Apple as Phil Schiller (Apple's senior vice president of worldwide marketing) talked trash about Android on the eve of the Samsung Galaxy S IV release. 

Samsung is even racing Apple to make a wearable device this year -- much like a smart watch -- and has plans to trump Apple's new spaceship campus with a more impressive headquarters in the U.S.

Source: Reuters



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RE: Hon hai who cares
By BRB29 on 4/10/2013 11:09:07 AM , Rating: 1
no shit sherlock. I said they sell premium products at a premium price. I never claimed they invented premium product category. They forced the entire industry to keep up or lose sales and that's why you can buy mainstream laptops with 1080p displays and aluminum frames. Much better than the plastic hp/dell crap that pops out and flex after a few months right?

Laptops from carbon fiber? that's freaking stupid and unnecessary. Aluminum will work better as it will a natural heat sink also. I have a sony vaio...i feel like i overpaid for it every day.


RE: Hon hai who cares
By TakinYourPoints on 4/10/2013 9:45:32 PM , Rating: 2
The Sony VAIO makes anything look like a good deal...


"We don't know how to make a $500 computer that's not a piece of junk." -- Apple CEO Steve Jobs














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