Hon Hai's profits almost double on Ipod boost

TAIWANESE giant Hon Hai (Foxconn) delivered a net profit of $388 million for its second quarter, up 43 per cent compared to Q2 last year.

And the giant said that demand for mobile players but more particularly for the iPod helped boost its revenues and profits.

As well as churning out iPods for Apple, Hon Hai also does contract work for Motorola phones and for the Playstation.

Earlier this week the firm backed down from an attempt to financially ruin two Chinese hacks who wrote about poor working conditions in its factories in June.