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Flextronics results beat on demand for game consoles, phones

01
May
2014

(Adds details on forecast, analyst estimates, shares) April 30 – Contract electronics manufacturer Flextronics International Ltd reported better-than-expected fourth-quarter revenue and adjusted profit on Wednesday, helped by higher demand from its game console and smartphone customers. The company, which makes the Xbox game console for Microsoft Corp and smartphones for Google Inc, also forecast a higher profit for the current quarter, helping to push up its shares about 3 percent in extended trading. Microsoft’s first new Xbox in eight years, which went on sale in the United States in November, had sold more than five million units as of April 17. Uncertainly surrounds its links to Google, however, after the search giant agreed to sell its Motorola handset division to China’s Lenovo Group Ltd for $2.91 billion in January.

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