Shares of Taiwan’s Hon Hai Precision Industry jumped more than 1.5 per cent early on Wednesday after the main manufacturer of Apple’s products posted a sharp rise in quarterly net profit, boosted by new gadget launches by the California giant.

Hon Hai, the assembler of both iPhone 5 and mini iPad launched in September and October, respectively, started mass production for the products in late August.

The company’s net profit in July-September was T$ 30.26 billion (US$ 1.03 billion), up 57 per cent from a year earlier.