TAIPEI : Taiwan's Foxconn, the world's largest contract electronics maker and major iPhone assembler for Apple Inc, said on Monday that revenue in May fell 9.5 per cent year-on-year due to weakness in smart consumer electronics during the traditional low season.Foxconn, formally called Hon Hai Precision I
TAIPEI : Taiwan's Foxconn, the world's largest contract electronics maker and major iPhone assembler for Apple Inc, said on Monday that revenue in May fell 9.5 per cent year-on-year due to weakness in smart consumer electronics during the traditional low season.
For smart consumer electronics products, which include smartphones and are the company's main business driver, revenue in May dropped as it entered the"traditional slow season" and coming off a high base, the company said in a statement, without elaborating. The first half of the year is traditionally slower for Taiwan tech manufacturers as major electronics vendors including Apple launch new products near the year-end holiday season.
However, Foxconn posted a 56 per cent plunge in first-quarter net profit, lagging forecasts in its biggest quarterly fall in three years. It took a $565 million write-off linked to its 34 per cent stake in Japanese electronics maker Sharp Corp and said visibility for the full year was limited.
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