It was one of the biggest money-generating consumer goods ever. But these profits have hardly passed to the shareholders of the largest builder of the iPhone.
Taiwan's Hon Hai Precision Industry Co. has dropped 13 percent since the first iPhone in June 2007. Even Dividing Dividends  The total return since then is 11 percent, compared to about 950 percent for Apple Inc.
The difference shows Apple's advantage in controlling the iPhone's ecosphere of apps into the cloud, compared to the gossamer ones margins of hardware manufacturers. Other former phone giants like Nokia Oyj and BlackBerry Ltd. gave up their production business while companies like HTC Corp. and Lenovo Group Ltd. limp.
Hon Hai's shares have fallen 34 percent since last June's high. 19659009] The demand for the iPhone X is slowing down at a time when Chinese competitors like Huawei and Xiaomi are launching more premium phones. Hon Hai gets about half of its sales from Apple, down 10 percent from its March high.
Yet, the pain is not evenly shared by the US company. Analysts still expect to be Apple's best second quarter in the first three months of this year, with an average estimate of $ 61 billion in revenue.
– With support from Kristine Servando and Sofia Horta E Costa