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FIH Mobile (OTC:FXCNY) Stock, Option Chain

FIH Mobile Ltd is a provider of manufacturing services to the handset and wireless communications industry. The firm's services include product development and design, manufacturing and assembly, and after-sale maintenance and repairs. A majority of the firm's revenue is generated in Asia, with the rest coming from Europe and America region.

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Foxconn Swings To Net Profit In 2011

FIH MOBILE LTD UNSP/ADR by FIH Mobile Ltd

FIH Mobile Ltd

<ul>
<li>Jeep maker&nbsp;Stellantis NV&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/stla#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">STLA</a>),&nbsp;Apple Inc&rsquo;s&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/aapl#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AAPL</a>) iPhone assembler&nbsp;Foxconn Technology Co Ltd&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/fxcof#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">FXCOF</a>), along with subsidiary&nbsp;FIH Mobile Ltd&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/fxcnf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">FXCNF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/fxcny#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">FXCNY</a>),&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/05/g21145455/stellantis-and-foxconn-to-announce-strategic-partnership" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">will announce a</a>&nbsp;new strategic partnership on May 18, 2021, via&nbsp;<a class="editor-rtfLink" href="https://channel.royalcast.com/webcast/stellantis-foxconn/20210518_1" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">the link</a>.</li>
<li>The new partnership may be focused on the collaboration on a smart cockpit or in-car digital services.</li>
<li>Last year, Foxconn&rsquo;s electric vehicle joint venture plans with Fiat Chrysler&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2021-05-17/iphone-maker-foxconn-finalizes-auto-partnership-with-stellantis?sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">had to be shelved</a>&nbsp;following Fiat&rsquo;s merger with France&rsquo;s Peugeot maker PSA to form Stellantis.</li>
<li>Earlier this year, Fiat Chrysler had merged with PSA to relaunch in China,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/autos-transportation/stellantis-foxconn-announce-strategic-partnership-tuesday-2021-05-17/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Reuters reports</a>.</li>
<li>Foxconn revealed its first EV chassis and a software platform in Oct. It also outlined plans to release a solid-state battery by 2024. The company also forged deals with Chinese EV startup Byton Ltd. and U.S.&rsquo;s&nbsp;Fisker Inc&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/fsr#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">FSR</a>).</li>
<li>Foxconn&rsquo;s strong presence in China could provide a significant boost to Stellantis&rsquo;s position.</li>
<li>Price action:&nbsp;STLA shares traded higher by 0.33% at $18.21 in the premarket session on the last check Monday.</li>
</ul>

Foxconn International Holdings Ltd (OTC: <a class="ticker" href="/stock/fxcny#OTC">FXCNY</a>) swung to a net profit in 2011.

Foxconn posted a 2011 net profit of US$72.8 million, versus a year-ago net loss of US$218.3 million. However, analysts were expecting a net profit of US$27.6 million. 

Foxconn's revenue declined 4% to US$6.35 billion from US$6.63 billion.

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