Sales reported for the year 2020 by China based Hon Hai Precision Industry aka Foxconn. The firm, which is Apple’s biggest iPhone assembler, reported the record sales, thanks to demand for the Apple gadgets it assembles. Its market value has doubled in a year, to $63bn. It is now eyeing smartphones on wheels. Analysts think it could be making 1m electric cars by 2025. If so, it may overtake Apple, whose iCar plans look less advanced.