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Foxconn’s Large Profit, Arrington Launching $20 Million Venture Fund, Apple Promotes Cloud Exec Eddie Cue

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This and more important news from your Fast Company editors, with updates all day. Foxconn's Huge Profit . Foxconn , maker of hardware for Apple and a number of peer computing firms, has reported $943 billion profits for the first half of 2011, a significant turnaround from its $218 million loss for all of 2010.

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