Apple supplier Foxconn reiterates second-quarter revenue growth, posts record April sales

Foxconn expects its second-quarter financial results to show both quarter-on-quarter and year-on-year growth

Its April revenue reached US$15.83 billion, the highest figure on record for the same period and represented a year-on-year rise of 19 per cent

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Foxconn Technology Group has adopted a more bullish outlook for this year, saying that it expected a significant rise in revenue driven by booming demand for artificial intelligence servers. Photo: Shutterstock

Published: 5:08pm, 5 May 2024

Taiwan’s Foxconn Technology Group, the world’s largest electronics contract manufacturer 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, formally known as Hon Hai Precision Industry, 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”.

The company, however, added, that its “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.

Apple supplier Foxconn Technology Group is the world’s biggest assembler of iPhones. Photo: Shutterstock

Foxconn said its April revenue reached T$510.9 billion (US$15.83 billion), which it said was the highest figure on record for the same period and represented a year-on-year rise of 19 per cent.

Revenue in its smart consumer electronics products, including smartphones, in April showed “significant growth” year on year, it said.

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