Apple Supplier Foxconn Posts Record Profits Thanks To iPhone Production Improvements



As Apple has become more successful over the last few years, Hon Hai Precision Industry’s (Foxconn) financial fortunes have been more tightly bound to Apple’s than ever before.

If things are going well for Foxconn, then Apple’s probably doing pretty well too, so investors were happy to hear that Foxconn just posted its most profitable quarter ever thanks to improved production efficiency of the iPad and iPhone 5.