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Hon Hai Precision Industry Co., Ltd. (HNHPF)

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9.17-0.03 (-0.33%)
As of 02:14PM EDT. Market open.
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  • Reuters

    Exclusive-Foxconn considers rotating CEOs in management reshuffle

    Apple supplier Foxconn is considering introducing a rotating chief executive system in a major overhaul of its management structure designed to nurture future talent, three sources briefed on the matter told Reuters. For companies around the world, the rotating chief executive structure is uncommon, but analysts say it can promote teamwork and prevent leadership from becoming entrenched, as well as developing a next generation of talent. One of the sources said the plan was a response to repeated calls by investors to boost corporate governance by separating the role of chief executive from the chairperson.

  • Benzinga

    Apple Supplier Reports Revenue Dip But Expects Growth Ahead As The AI Revolution Created Room For Contributors

    Hon Hai Precision Industry Co. Ltd (OTC: HNHPF)-owned Foxconn that manufactures iPhones that are the apple of the eye of Apple Inc (NASDAQ: AAPL) reported its first quarter results. With the first quarter being a typically quiet period, it comes as no surprise that Foxconn posted a revenue dup. However, Foxconn is expecting revenue growth in the second quarter despite it still being an off-peak season. First quarter highlights For the first quarter, Foxconn posted a 9.6% drop in revenue, however

  • Yahoo Finance Video

    Foxconn posts 9.6% revenue decline in Q1

    Foxconn, the company best known for assembling Apple's (AAPL) iPhones, reported that its first quarter revenue fell 9.6% from a year ago. Foxconn, which is formally known as Hon Hai Precision Industry (2317.TW, HNHPF), expects sales to grow in the current quarter.  in the video above, Yahoo Finance's Brad Smith and Seana Smith discuss the report. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Stephanie Mikulich