It looks like 2011 is shaping up to be a solid year for Foxconn
. Earlier this week, the hardware manufacturer announced net profits of NT$27.38 billion (about $943.72 million) for the first half of this year, just a few months after posting a disappointing $218 million loss
for all of 2010. These figures, however, are down about 21 percent from the first six months of last year, when Foxconn (AKA Hon Hai Precision) reported net profits of NT$34.74 billion (around $1.2 billion). In a statement, Hon Hai said its first semester results were "as expected and remain seasonal," considering today's harsh and uncertain financial climate. DigiTimes
, meanwhile, is reporting that the electronics maker is "expected" to ship a full 20 million new iPad 2
s during the third quarter of this year, though the Taiwan-based news outlet didn't offer much in the way of explanation or sourcing.