Foxconn has pulled in a whopping $131.8 billion in earnings

Having reportedly snagged the bulk of iPhone 6 orders from Apple, Taiwanese manufacturer Hon Hai Precision Industry, a.k.a. Foxconn, has every reason to be happy. Earlier today it announced record breaking consolidated revenues of $131.82 billion for last year, while company chairman Terry Gou commented that he expects this year’s earnings to be even better. Interestingly, Gou had some choice words to say about wearables, however — which is slightly surprising given how closely the company’s success is tied to Apple, which is expected to enter the wearables market with its forthcoming iWatch, supposedly coming this October. Speaking about the future of mass market tech, Gou dismissed wearable devices – saying that they headed in two development directions: one being as a fashion accessory, and the other an extension of smartphones. Gou believes that neither direction will go all that far.