Foxconn, formally called Hon Hai Precision Industry Co Ltd, said revenue last month reached T$741.2 billion ($23.09 billion), the second highest ever for October, down 4.56% year-on-year, coming off a high base, and up 12.2% from September.
Hon Hai Precision Industry Co.’s October sales slid, reflecting uncertainty in its business after Beijing launched an investigation into the world’s biggest iPhone assembler.
Foxconn: The fourth quarter is traditionally the hot season for Taiwan s tech companies as they race to supply smartphones, tablets and other electronics to major vendors such as Apple for the year-end holiday period in Western markets.
Summer is traditionally a busy time for Foxconn as major vendors such as Apple gear up for new product launches ahead of the end-of-year holiday shopping season.
Foxconn, formally called Hon Hai Precision Industry Co Ltd and the world s largest contract electronics maker, said revenue in the April-June period reached T$1.3 trillion ($41.76 billion), in line with its expectations.