Hon Hai Precision Industry, better known in the Western world as Foxconn, is Apple's favorite manufacturer that assembles a lot of its products, with Pegatron taking care of the rest. Foxconn also helps a number of other tech giants build and assemble their gadgets.
As Apple is its most visible high-volume client, Foxconn's earnings are often scrutinized for hints of Apple's sales performance. Today, Foxconn reported a record quarterly profit on increased manufacturing efficiency and output of Apple's iPhones and iPads, after having solved production bottlenecks in the prior quarter.
The increased revenue and improved profit margins also could mean that Foxconn may have had some room to push Apple for better pricing, Bloomberg reports...