Annual Report

Foxconn Posts First Annual Sales Decline, Blames Slow iPhone Demand

Apple’s leading iPhone assembler Hon Hai Precision Industry, commonly referred to as Foxconn Technology Group, has posted revenues of $136.38 billion, which is down 2.81% from a year ago and marks the company's first-ever annual sales decline since the company went public in 1991. According to Nikkei Asian Review, the Taiwanese manufacture has blamed low demand from its...

Apple Annual Report Shows R&D Spend Has Grown by $1.1 Billion

According to Apple's recently filed annual 10-K report with the SEC, the company has spent $1.1 billion on R&D and has added about 12,000 full-time workers (via iLounge). The Cupertino giant has spent a total of $4.48 billion on R&D during 2013 so far, which shows a 32% increase from last year’s $3.38 billion expenditure. The report also reflects...