FILE PHOTO Terry Gou, founder and chairman of Taiwan's Foxconn Technology, is shown on a screen during the third annual World Internet Conference in Wuzhen town of Jiaxing, Zhejiang province, China November 17, 2016. REUTERS/Aly Song/File Photo
Growing optimism about the next iPhone has propelled Apple Inc to record highs. Halfway around the globe, a lesser-known Taiwanese company is riding that same wave of euphoria.
Hon Hai Precision Industry Co, the main assembler of the US company’s smartphones, has gained 29% in the past year, with its shares touching a decade-high on optimism about Apple’s 10th anniversary iPhone. That’s helped the biggest company in Foxconn Technology Group defy a flat-lining mobile market on expectations Apple will use the anniversary to introduce its most advanced and popular device yet.
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