Apple has reported its [fiscal] Q2 2017 earnings, offering a look at its performance over the last 3 months. During the period the company sold 50.8 million iPhones, 8.9 million iPads and made $52.9 billion in revenue.
Hon Hai Precision Industry, also known as Foxconn Technology Group, counts Apple as its key client. Foxconn assembles iPhones and their Apple contract accounts for more than half of the Taiwanese company’s earnings. Yesterday, Foxconn reported both its highest-ever holiday quarter net profit and highest-ever gross margin since first-quarter 2013.