Home > Media News > Foxconn reiterates Q2 revenue to grow, posts record April sales

Foxconn reiterates Q2 revenue to grow, posts record April sales
7 May, 2024 / 09:49 AM / OMNES Media LLC

Source: http://www.reuters.com

328 Views

TAIPEI (Reuters) - 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 (2317.TW), opens new tab 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".

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.

The first quarter is traditionally quieter than the previous one, the season when Taiwan's tech companies race to supply smartphones, tablets and other electronics to major vendors such as Apple for Western markets' year-end holiday period.

Related News

Recommended Articles

Holocaust researchers use AI to search for unnamed victims

Netanyahu says nothing will stop Israel from defending itself

Supreme Court to resume hearing of Faizabad sit-in review case today

Thousands protest against Hungary's Orban in ruling party stronghold

Naqvi announces $100,000 cash prize for each player if team wins T20 World Cup

Wheat crisis: Kissan Ittehad announces protest demonstrations from May 10

Latest News

Recommended News

Massive reduction in Punjab flour prices, 20kg bag costing Rs1,000 less: Bilal Yasin

Pakistan means business, aid no more a focus: Musadik Malik

China offers flexible jobs for women after childbirth

Taylor Swift ready to shake up Europe

Latest Shows

On The Front

Nuqta E Nazar

Peyam-E-Subh

Mazaq Raat

Dunya Kamran Khan Kay Sath

On The Front

Nuqta E Nazar

Peyam-E-Subh

Mazaq Raat

Dunya Kamran Khan Kay Sath

On The Front

Nuqta E Nazar

Must Watch

Assistant commissioners directed to ensure ease, facilitations for public

President Asif Ali Zardari arrives in Quetta

Saudi immigration delegation arrives in Karachi

'Full focus': Babar Azam vows to give 100% in T20 World Cup

PM Shehbaz Sharif is expected to visit China after his visit to Saudi Arabia

Omar Ayub Meets US Envoy Donald Blome

IHC orders placing Parvez Elahi under house arrest

Saudi Crown Prince likely to visit Pakistan this month

Pakistan stocks boom on Saudi investment, declining inflation

CM Maryam Nawaz welcomes the arrival of Saudi investors delegation in Pakistan

Download Dunya App

Dunya News

English

Urdu

Programs

videos

Video Headlines

Coronavirus

PSL 7

Newspaper

Follow Us

Links

Blogs

الیکشن 2024 عوامی رائے

کون سی جماعت الیکشن 2024 میں اکثریت حاصل کرے گی ؟

 

Tags