Hon Hai Posts Disappointing Q1 Earnings Due to Weaker iPhone Demand
April 10, 2013 9:17 AM
comment(s) - last by
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.
This article is over a month old, voting and posting comments is disabled
RE: Lack of Apple innovation
4/10/2013 7:33:15 PM
"So no answer to my question about where the issue of market share lies on your imaginary spectrum of permissible discussion topics"
As usual, you have no point, so you try to change it... The are no subjects that are off limits. What I was getting at is that Person A and person B were discussing technology and innovation and you jump in with your usual "So, Apple made more money". It wasn't part of the discussion. You had nothing to add because you know we were right, so you changed the subject to money.
" people's lives and technology meet in ways that changes the world."
I am glad you said that because that is where we differ and you go way off the tracks... That is what its all about, but when "people's lives and technology meet in ways that change the world" it is because of the tech, and the features not because of the profit. In other words, (to put it on your own favorite platform's perspective) the iPhone in your hand changed the way you interface with the internet and the world when it came out in 2007. Apple's profit margins did NOT change the way you interface with the internet and the world. Or did they?
"This is from the DailyTech.com. It's a science website." -- Rush Limbaugh
Apple Marketing Head Trash Talks Android on Eve of Galaxy S IV Launch
March 13, 2013, 10:22 PM
IDC: Android Army of Tablets to Surge Past Apple's iPad This Year
March 13, 2013, 9:00 AM
Apple's Wearable Device to be Released Later this Year
March 4, 2013, 1:09 PM
Samsung Aims to One-Up Apple's "Spaceship" With $300M USD "Green" Campus
February 27, 2013, 7:01 PM
"Uncool" Apple iPhone Loses Ground in Asia
January 28, 2013, 9:29 AM
Apple Completes Purchase of Beats Music, Beats Electronics
August 1, 2014, 11:26 AM
HP to Launch Smartwatch Designed by Michael Bastian
August 1, 2014, 9:59 AM
New Qi Version 1.2 Allows Wireless Charging From 2 Inches Away
July 31, 2014, 3:53 PM
HTC J Butterfly Announced by Japan's KDDI, Packs LTE-A Carrier Aggregation
July 31, 2014, 2:34 PM
T-Mobile Subscriber Numbers Surpass 50 Million, Sees Q2 Profit of $391M
July 31, 2014, 12:24 PM
Verizon Wireless Launches 5.7", 960x540 LG G Vista Smartphone for $400 Off Contract
July 31, 2014, 11:02 AM
Most Popular Articles
Facebook Will Force Android, iOS Users to Use Messenger App This Week
July 29, 2014, 11:26 AM
Ford's Extensive Use of Aluminum in '15 F-150 Results in $395 Increase for Base Models
July 28, 2014, 3:02 PM
Sony's Xperia Z3 Gets Detailed in Leaked Photos
July 25, 2014, 2:30 PM
T-Mobile CEO John Legere is on the Warpath Again; Introduces $100, 10GB Family Plan
July 28, 2014, 10:12 AM
UK Drivers Must Now Give Their Cell Phones to Police After a Crash
July 29, 2014, 4:37 PM
Latest Blog Posts
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information