Foxconn is mostly a factory, why can it become a Fortune 500 company?

Strictly speaking, Foxconn's Hon Hai Precision has entered the world's top 500. In 20 15, Hon Hai's precision sales revenue13.9 billion USD, ranking 31among the top 500 enterprises; In 20 16 years, Hon Hai's precision sales revenue was141200 million USD, ranking 25th among the top 500 enterprises in the world. In 20 17, Hon Hai Precision's annual sales revenue was $65,438++035 100 million, ranking 27th among the top 500 enterprises in the world. Hon Hai Precision belongs entirely to Foxconn, so it is acceptable for Foxconn to rank among the top 500 in the world.

Apple OEM business. Since the end of last century, Foxconn has cooperated with Apple to become a supplier of Apple. Foxconn not only produces Apple computer parts, but also includes Apple mobile phone parts that everyone loves. According to public data, at present, 70% of Apple's mobile phones are produced by Foxconn. For ten years, Apple has been the world leader. People are keen on Apple mobile phones, Apple computers, and Apple imposition, and even can't wait for every update of Apple mobile phones. It was the rise of Apple that gave Foxconn a chance to rise.

Close cooperation has both advantages and disadvantages. When Apple's sales volume changes greatly, it will inevitably affect Foxconn's sales profit. Therefore, Guo Taiming, chairman of Foxconn, has been trying to remove the label of Foxconn's "Apple foundry". This will provide Foxconn with more possibilities, such as manufacturing parts for other mobile phone brands. In the business environment, this is not something to be praised.

In today's China, Tencent and Alibaba are two unavoidable international companies. They created their own era in the development of the Internet. Foxconn, on the other hand, has created its own world in the processing and production industry, which deserves everyone's praise.