Hon Hai Precision Industry Co Ltd (鴻海精密), which assembles iPhones and iPads for Apple Inc, yesterday posted nearly 18 percent in monthly growth in unconsolidated revenue last month, after the US company’s new tablet device hit the market early last month.
Revenue grew for the seventh consecutive month to NT$278.73 billion (US$9.43 billion) last month, compared with NT$236.55 billion in February, the company said in a statement. Last month’s figures also meant about a 30 percent increase from NT$214.9 billion posted in the same period of last year.
With last month’s sales, the world’s largest electronics service provider saw its first-quarter revenue total NT$789.94 billion, an increase of 42 percent from a year earlier, the second-highest level in history.
On a quarterly basis, the results for the January-to-March period were 14 percent lower than the record-high revenue of NT$919.68 billion three months ago, which the company blamed on the impact of seasonally slow demand.
Apple products are expected to account for 39 percent of Hon Hai’s revenue of NT$4.05 trillion on a consolidated basis this year, Barclays forecast.
Shares of Hon Hai rose 0.46 percent to NT$110 yesterday ahead of its sales announcement, versus a gain of 0.52 percent on the TAIEX.
Stephen Garrett, a 27-year-old graduate student, always thought he would study in China, but first the country’s restrictive COVID-19 policies made it nearly impossible and now he has other concerns. The cost is one deterrent, but Garrett is more worried about restrictions on academic freedom and the personal risk of being stranded in China. He is not alone. Only about 700 American students are studying at Chinese universities, down from a peak of nearly 25,000 a decade ago, while there are nearly 300,000 Chinese students at US schools. Some young Americans are discouraged from investing their time in China by what they see
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
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New apartments in Taiwan’s major cities are getting smaller, while old apartments are increasingly occupied by older people, many of whom live alone, government data showed. The phenomenon has to do with sharpening unaffordable property prices and an aging population, property brokers said. Apartments with one bedroom that are two years old or older have gained a noticeable presence in the nation’s six special municipalities as well as Hsinchu county and city in the past five years, Evertrust Rehouse Co (永慶房產集團) found, citing data from the government’s real-price transaction platform. In Taipei, apartments with one bedroom accounted for 19 percent of deals last