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Foxconn Technology Group: global net income 2005-2019

In 2019, Foxconn Technology Group achieved a net income of 132.19 billion New Taiwanese dollars, the equivalent to approximately 4.41 billion U.S. dollars. This is an increase from the 4.24 billion U.S. dollars in profit that the company recorded in 2018.

Foxconn - additional information

Hon Hai Precision Industry Co., Ltd., more commonly known by its trade name Foxconn, is the largest contract electronics manufacturer worldwide. The company's factories are found all over the world, although the majority of its workforce is based in mainland China. Foxconn's largest factory is located in Longhua Town, Shenzhen, China, and it employs somewhere in the region of 200 to 500 thousand people. The company also has factories in Malaysia, India, and Japan, as well as central and eastern Europe, Mexico, and Brazil. While in 2014 the company announced plans to construct a factory in the U.S., these plans appear to have stalled.

According to some estimates, the company manufactures approximately 40 percent of all consumer electronics. Its customers include Apple, Dell, Amazon, HP Inc. , and Sony. Employing more than a million people worldwide, the company was one of the world's largest employers in 2015. Although Foxconn has contracts with many companies, its relationship with Apple is watched with particular interest. Many see the company's present-day success as being closely linked to the success of its relationship with the Cupertino-based technology company. Demand for Apple's consumer products, such as the iPhone, iPad, and iPod, have necessarily driven, in turn, demand for Foxconn's services.

Foxconn's revenues are such that, in 2013, the company generated around 4,000 U.S. dollars in revenue every second. In 2015, this figure lay closer to 4,300 U.S. dollars every second. Between 2005 and 2015, Foxconn's revenue rose steadily, increasing from approximately 22 billion U.S. dollars to approximately 136 billion U.S. dollars by the end of the last financial year.

Foxconn Technology Group's (Hon Hai Precision Industry) net income worldwide from 2005 to 2019

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Sources

Release date

May 2020

Region

Worldwide

Survey time period

2005 to 2019

Supplementary notes

The data is from publications from the Taiwan Stock Exchange and, more recently, Hon Hai Precision Industry's (Foxconn's) English-language financial reports. According to the source, the data was presented in New Taiwan dollars (TWD). The statistic shows the non-consolidated revenue of Hon Hai Precision Industry

* Foxconn's financial year ends on December 31st. The U.S. dollar figures represents an estimate based on the exchange rate as of the 1st of the following year. For example, the 2019 figure represents the Taiwan-U.S. dollar exchange rate at January 1st, 2020. At that date, the exchange rate was 1 New Taiwan dollar (TWD) to 0.03336 U.S. dollars (USD). The 2018 figure is based on the exchange rate from January 1st, 2019, and so on.

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