Foxconn's Dec sales rise 50% y-o-y
[TAIPEI] Taiwan's Foxconn, the world's largest contract electronics manufacturer, posted a 50.2 per cent year-on-year rise in revenues for December, it said on Wednesday.
It reported consolidated revenue of NT$675.1 billion (S$30.47 billion) in December and NT$4.7 trillion for January to December, the company said in a filing to the Taiwan stock exchange.
In 2017, the delayed launch of Apple's iPhone X in November led some analysts to believe suppliers of Apple could reap gains into the early part of 2018.
However, in December, shares of Foxconn, also formally known as Hon Hai Precision Industry, dipped after a Taiwan media report and comments from some analysts suggested demand for iPhone X could come in below expectations in the first quarter of 2018.
Nevertheless, some analysts have retained the view that the March quarter will see significant iPhone shipments.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
Garmin’s Q1 results beat on strong demand for fitness, auto products
Foxconn’s musical chairs sound like punk rock
US sets up board to advise on safe, secure use of AI
Regulate AI? How US, EU and China are going about It
Meta’s results are best viewed through rose-tinted AI glasses
'Harvesting data': Latin American AI startups transform farming