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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: Lack of Apple innovation
By retrospooty on 4/12/2013 8:07:59 AM , Rating: 2
OMG you are so thick headed. You see a launch pad for your soap box rant and all logic goes out the window.

This had nothing to do with iPad... Karlostomy (the OP) said "History does suggests that apple goes through 'innovation cycles', however I sadly see nothing new on the Apple horizon that impresses at all. I feel that's being quite objective.". I added that I agreed and since 2007 with the initial IOS, they haven't done much at all. That is what this discussion was about.

Tony, in an effort to invalidate my opinion and poke fun (I admit was poking at him too) put in a blurb I said from several years ago (yes, the loser did a search) where I said I didnt think the iPad would be that big. On a small side note I mentioned that " Yes, I am surprised by the sales #'s of tablets. I am surprised by the platform. I am surprised that I even bought two (much less one). They are quite alot nicer than I knew at release. A great product idea from Apple. They deserve the profits they reaped for the past few years." ... Then proceeded to go back to the topic at hand how Apple hasnt innovated lately and has been surpassed. Not about tablets, about thier products in general. Thus the data points mentioned in the article above.

You saw the word iPad and that in the same paragraph and went off on your typical dissertion railing against a conversation no-one was even having and you STILL couldnt grasp it after being told you had it wrong AND re-reading it. My god man, i know you arent stupid, I can only think that you are like a rabid politician, seeing something you can use to get on your soap box and just ignoring all logic even when explained just for the sake of the stump speach. Feel better now? You got your speach out as you do when you derail every single thread here.

"This is from the It's a science website." -- Rush Limbaugh

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