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MarketScreener Homepage  >  Equities  >  Taiwan Stock Exchange  >  Hon Hai Precision Industry Co., Ltd.    2317   TW0002317005

HON HAI PRECISION INDUSTRY CO., LTD.

(2317)
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Hon Hai Precision Industry : Global smartphone sales fell 14% in February as coronvirus spread - Counterpoint

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03/26/2020 | 12:19am EDT
FILE PHOTO: Woman wearing a protective mask uses her mobile phone, as a coronavirus outbreak continues to grow in northern Italy, in Turin

Global smartphone sales tumbled 14% in February as the coronavirus spread in China and overseas, Counterpoint Research said on Thursday, a likely harbinger of more declines as outbreaks worsen in many parts of the world.

The outbreak prompted Apple Inc and other smartphone makers to shut their China stores in February and government data suggests Apple sold less than 500,000 smartphones in the mainland Chinese market during the month..

China, which saw sales drop 38% in February from a year earlier, is now showing signs of recovery with many stores re-opening in mid-March.

There are also signs of recovery in South Korea, but for other parts of the world, "the worst is yet to come," said Jean Park, a senior analyst at Counterpoint.

Smartphone makers are facing new supply chain disruptions as more countries impose lockdown orders. On Tuesday, Foxconn, one of Apple's key suppliers, said it would suspend operations in India in compliance with government orders.

(Reporting by Josh Horwitz and David Kirton; Editing by Edwina Gibbs)

Stocks treated in this article : Apple Inc., Hon Hai Precision Industry Co., Ltd.
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -5.26% 240.91 Delayed Quote.-17.96%
HON HAI PRECISION INDUSTRY CO., LTD. -0.14% 69.9 End-of-day quote.-0.29%
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Financials (TWD)
Sales 2019 5 340 B
EBIT 2019 121 B
Net income 2019 115 B
Finance 2019 175 B
Yield 2019 5,48%
P/E ratio 2019 8,44x
P/E ratio 2020 9,33x
EV / Sales2019 0,15x
EV / Sales2020 0,15x
Capitalization 970 B
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Technical analysis trends HON HAI PRECISION INDUSTRY
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 93,10  TWD
Last Close Price 70,00  TWD
Spread / Highest target 60,0%
Spread / Average Target 33,0%
Spread / Lowest Target 4,43%
EPS Revisions
Managers
NameTitle
Yang-wei Liu Chairman & Chief Executive Officer
Te Tsai Huang Head-Finance & Deputy Spokesman
Tai Ming Kuo Director
Kuo Cheng Wang Independent Director
Kuo Chuan Kung Independent Director
Sector and Competitors