On Friday, Foxconn, also known as HonHai Precision (OTCPK:HNHPF), reported a 7.2% increase in revenue from March to April with smart devices sales.
Foxconn (OTCPK:HNHPF) reported $14 billion in revenue for the month, which was in line with the company’s own projections. The company saw double-digit growth in sales of smart consumer electronics items and “significant” growth in sales of computer products compared to the previous month.
The company also said that the performance of cloud and networking goods was rather stable from month to month, while the performance of components and other items decreased somewhat.
Smart consumer devices were a great comeback
Foxconn reported a 12% drop in revenue from the same period a year ago, despite March’s comeback, as revenue from all four product lines declined and smart consumer devices entered a “traditional slow season.. Foxconn (OTCPK:HNHPF) is Apple’s (NASDAQ:AAPL) largest manufacturing partner, and the company makes a variety of products for Apple, including the iPhone, iPad, and Mac computers.
Apple (AAPL), based in Cupertino, California, revealed strong results for the second quarter on Thursday, but Wall Street was divided on the company’s outlook.
Foxconn (OTCPK:HNHPF) has remained confident in its forecast for the second quarter, despite predicting a sequential and year-over-year drop in sales due to “the seasonal off-peak period as new and old products transition” and “unseasonally strong pull-in in the first half of last year.”
On May 11, Foxconn, based in Taiwan, will have a conference call to discuss the company’s own quarterly results.
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