AAPL Apple Inc

By Lorraine Luk 

HONG KONG--Hon Hai Precision Industry Co. said Thursday its second-quarter net profit rose 27% from a year earlier but growth slowed from the previous quarter, as consumers delayed buying smartphones before the new iPhone's launch in the fall.

Hon Hai, Apple Inc.'s major iPhone assembler, derives about half of its revenue from Apple's orders.

The Taiwan-based contract manufacturer said its second-quarter net profit rose to 25.69 billion New Taiwan dollars (US$800.9 million) from NT$20.19 billion a year earlier. It reported 56% profit growth in the first quarter and 33% in the fourth quarter.

Hon Hai said revenue rose 11% to NT$972.7 billion from NT$879.1 billion in the latest period.

Write to Lorraine Luk at lorraine.luk@wsj.com

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