could-your-next-iphone-or-wii-be-made-in-vietnam

Could your next iPhone or Wii be made in Vietnam?

Taiwan's Foxconn announces plans to diversify its manufacturing base by expanding into Vietnam.
In a move that could be seen as reducing exposure to China, Taipei-based Foxconn Electronics Hon Hai Precision Industry announced last week it was expanding operations in Vietnam.

On Friday, the world's largest contract maker of electronics, including Apple's iPhones and iPods and Nintendo's Wii, announced that in the first half of this year its after-tax profits were up 32% year-on-year to NT$31.26 billion $944.4 million. Net income rose 18% to NT$15.6 billion. Analysts had, however, expected an even better performance. The mean estimate of six analysts compiled by Bloomberg had profits hitting NT$16.7 billion.

But its earnings translate into a net EPS earnings per share of NT$4.97 for the...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222