Quote Info

Trading as Foxconn Technology Group, Hon Hai Precision Industry Co., Ltd. is the world’s largest contract electronics manufacturer. In 2012, reports suggested that the company’s factories produced approximately 40 percent of all consumer electronics, for customers such as Apple, Dell, Amazon, Hewlett Packard, and Sony. The company currently employs well over a million people worldwide and was, in fact, one of the world’s largest employers in 2015.

Foxconn’s factories are distributed around the world, although the majority of its workforce is based in mainland China. Foxconn’s largest factory sits in Longhua Town, Shenzhen, China, where -according to some estimates – it employs between 200 and 500 thousand people. The company also has factories in Japan, India, and Malaysia, several central and eastern European countries, Brazil, and Mexico. While there have been plans to build a factory within the United States, these plans are as yet unrealized.

Despite building electronics products for many companies, Foxconn is often thought of as having particularly strong ties with Apple. Indeed, as seen in the statistic, Foxconn’s revenues are substantial and the company’s present-day success must be at least partially attributed to the success of and demand for Apple’s consumer products, such as the iPhone, iPad, and iPod. Foxconn’s revenues are such that, in 2013, the company generated around 4,000 U.S. dollars in revenue every second. In 2015, this number is closer to 4,300 U.S. dollars per second. Foxconn’s net income has increased steadily, year on year, and in 2015 was close to breaking 5 billion U.S. dollars.

Statista

More Tech Services Stats

The fastest growing SaaS companies raise an average of $9.5M in Series A funding

Customer Acquisition Cost (CAC) = sum of all sales & marketing expenses/ number of new customers added

Only 8% of large companies use internet sales strategies. The proportion of companies relying on internet sales increases as company size decreases

56% treat “Existing Customer Renewals” as high priority

How To Make Pricing A Constant Process In Your Organization

SaaS IPOs have more than doubled over the last 12 years

In 2017, Foxconn Technology Group achieved a net income of 135.37 billion New Taiwanese dollars, the equivalent to approximately 4.55 billion U.S. dollars.

Software and online services are in a period of dizzying growth

As companies scale their growth engines, a slightly-above-average churn rate becomes harder and harder to offset with net new revenue growth, especially when the goal is to outpace it by 4x

In 2020, China is expected to generate 55 billion U.S. dollars in the global medical technology market.

More Growth Strategy Stats

The venture-backed companies that were acquired most often had a 7 percent share of female execs, as opposed to 3 percent at unsuccessful (unacquired) firms

Best-in-class SaaS companies achieve 5-7% annual revenue churn – equivalent to a loss of $1 out of every $200 each month

Companies that spend more on sales and marketing (as a % of revenue) generally grew at a faster rate than those that spent less

Invention is 10% inspiration and 90% perspiration.

Net-revenue churn improves with larger Average Contract Value (ACV), likely due to more structural churn among SMB customers and higher switching costs associated with larger contracts

The median TTM revenue growth rate + adj. EBITDA margin for publicly traded SaaS companies was ~37%, implying that just under one half met or exceed “The Rule of 40%”

Analysed by contract value, field sales are primarily evident for companies with median deals over $25K. Inside sales strategies are most popular for companies with $1K-$25K median deal sizes

Unlike many other industries, if a software company grows at only 20%, it has a 92% chance of ceasing to exist within a few years

It’s 9x cheaper to retain existing customers than acquire new customers: costing $0.13 to acquire any additional dollar of revenue

In 2017, the global adoption rate for biotech soybean amounted to 77 percent.