Luxshare reports record revenue with increased partnership with AppleWhat you need to know
Luxshare Precision Industry has reported record revenue and profits for the first half of 2021.
The company is expected to be a supply chain partner for the iPhone 13.
Apple continues to expand its supply chain partners in China.
"Little Foxconn" is experiencing massive financial gains as a supply chain partner to Apple.
As reported by Nikkei Asia, Luxshare Precision Industry held its financial earnings call on Tuesday and, with it, revealed record revenues and profits in the first half of 2021.
The Guangdong-based company sometimes called "Little Foxconn," which has been deepening its relationship with Apple and is assembling iPhones for the U.S. technology giant for the first time this year, said first-half revenue grew more than 30% from a year ago to 48.14 billion yuan ($7.42 billion). Net profit was up 22% to 3.08 billion yuan.
The company says that, despite the pandemic and the global chip shortage, they are expecting to continue their short-te...
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Luxshare reports record revenue with increased partnership with Apple
