Like its parent Hon Hai Precision Industry Co, FIT is heavily reliant on Apple. Even now, both the Belkin and Wemo websites feature the Apple name prominently. If not for Apple, it's unlikely the world would have even come across the Belkin name. At a purchase price of US$866mil, FIT's paying 185 times earnings, or 15 times Belkin's US$57.4mil (RM222.42mil) in assets. Whatever profit Foxconn can squeeze out of these deals will depend largely on the value of nostalgia.— Bloomberg

Source: The Star March 27, 2018 06:56 UTC