Frbiz.com Reports Hon Hai Into The New Microsoft Xbox Game Console Supplier

According to Taiwan media reports, following snatch from the hands of Sony's PS3

Heshuo part of orders, the recent foreign investment circles spread, Hon Hai has listed Microsoft Xbox360 console into a new supplier, coupled with its quasi-hung OEM Nintendo Wii, is equal to the global three major console manufacturers to make pie into the family of Hon Hai.

Goldman Sachs Asia head of research at Kim Moon-tech industry value-baked yesterday, the latest research report, named Hon Hai has recently become the new Microsoft Xbox game console supplier. The report notes that Foxconn September sales momentum strong, and then, as Apple's iMac and Macbook computers from September to October delayed the introduction of the printers from Hewlett-Packard, as well as Amazon, Sony's e-books and so on into the Shipping peak, together with Hon Hai to become the new Microsoft Xbox game console supplier, Hon Hai will drive strong revenue growth momentum continued into October.

If you have received orders for Xbox is true, Hon Hai family, the world's three major game consoles will be completed the last piece of puzzle foundry map. Prior to this, Hon Hai Shuo hands of the middle of this year, and snatch away from the part of Sony's new PS3 game console OEM orders, shipments from the third quarter. In addition, the Hon Hai Group, hung quasi-charge of the OEM assembly Nintendo Wii.

Corporate pointed out that Hon Hai in the console area of cultivation has long had earlier arranged the majority of Sony's PS2 console OEM orders, as Hon Hai was one of the most important as an OEM product. Unfortunately, it was Sony's PS3, by and Shuo into major suppliers.

Credit Suisse Securities Asia-Pacific upstream and downstream Zhengsheng Rong, chief analyst also said yesterday, mid-year launch of the new slim Sony PS3, popular in the market, according to Credit Suisse analysts forecast in Japan, PS3 shipments in the fourth quarter is expected to reach 6 million units, more than three times the rate of quarterly growth. Hon Hai sales have propelled upward rise. Topology Research Institute estimates yesterday, due to the Christmas gift shopping season report, global shipments of game consoles in the fourth quarter jumped 2.45 times more than in the third quarter was the largest quarterly growth in technology products. Hon Hai is expected to get a free ride.

Hon Hai has just announced in September revenue of 1,494 billion, in August jumped 38 percent, the highest since the high of ten months, the company's history, the third highest single-month sales record of outstanding performance.

Including Goldman Sachs, Credit Suisse, Citigroup and other foreign brokerages have raised yesterday, Hon Hai investment rating or target price. Goldman Sachs to give Hon Hai "buy" rating, target price of 135 yuan from 141 yuan raised NT NT; Credit Suisse Securities also up comments to "outperform", target price of 126 yuan NT; Citigroup Global reiterated "buy", target price of NT 150. However, foreign investors yesterday sold more than 1900 Hon Hai Chao Zhang, up NT 0.5 yuan, 127.5 yuan income of NT.

by: himfr

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