Foxconn reiterates Q2 revenue to grow, posts record April sales
Taiwan's Foxconn, the world's largest contract electronics maker and the biggest assembler of Apple's iPhone, reiterated on Sunday it expected a rise in second-quarter revenue, and reported record sales for the month of April.
Foxconn said in a statement that this year's second quarter «remains a traditional off-peak season, and major products are entering a period of transition between old and new products».
Elevate Your Tech Prowess with High-Value Skill Courses
Offering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisit But it added: «The operations outlook for the second quarter is expected to show both quarter-on-quarter and year-on-year growth».
The statement did not elaborate and the company does not give numerical guidance.
The company, formally called Hon Hai Precision Industry Co Ltd, said April revenue reached T$510.9 billion ($15.83 billion), which it said was the highest figure on record for the same period and represented an on-year rise of 19%.
Revenue in its smart consumer electronics products, including smartphones, in April showed «significant growth» year-on-year, it said.
Strong artificial intelligence (AI) server demand also delivered «strong growth» in April on-year for its cloud and networking products segment, the company added.
The monthly sales data comes ahead of Foxconn's first-quarter earnings call on May 14.
F
