Foxconn reiterates Q2 revenue to grow, posts record April sales

Foxconn shareholders look at wafers on display after the annual shareholder meeting in New Taipei City, Taiwan May 31, 2023. REUTERS/Ann Wang/File PhotoTAIPEI : Taiwan's Foxconn, the world's largest contract electronics maker 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.

Revenue in its smart consumer electronics products, including smartphones, in April showed"significant growth" year-on-year, it said. The first quarter is traditionally quieter than the previous one, the season when Taiwan's tech companies race to supply smartphones, tablets and other electronics to major vendors such as Apple for Western markets' year-end holiday period.

In March, Foxconn adopted a far more bullish outlook for this year, saying on its fourth-quarter earnings call that it expected a significant rise in revenue driven by booming demand for AI servers.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Extra seconds of warning: Demand surges for privately developed quake-warning apps in TaiwanIn Taipei, the government warning system did not sound before the April 3 quake, prompting criticism.
Source: The Straits Times - 🏆 8. / 63 Read more »

Taiwan reports Chinese military activity after Blinken leaves BeijingTaiwan reported 12 aircraft crossing the sensitive median line of the Taiwan Strait.
Source: The Straits Times - 🏆 8. / 63 Read more »

Southern Taiwan swelters, temperatures near 40 deg CNine cities in southern Taiwan issued heat advisories on April 21.
Source: The Straits Times - 🏆 8. / 63 Read more »

Search for 2 missing S’poreans in Hualien quake continues as family members head to TaiwanThe couple's family members are expected to fly to Taiwan on April 6.
Source: straits_times - 🏆 5. / 69 Read more »

2 Singaporeans reported missing after Taiwan quakeSINGAPORE — Two Singaporeans are missing in Taiwan after Wednesday's (April 3) massive earthquake.
Source: TODAYonline - 🏆 1. / 99 Read more »

Stay alert: Quake warning app demand surges in earthquake-rattled TaiwanTAIPEI — Earthquake-warning smartphone apps have surged in popularity in Taiwan due to high demand from people eager to get a few extra seconds to take cover after more than 1,300 aftershocks rattled the island in April following a large temblor. Taiwan's east coast was struck by a 7.2-magnitude quake on April 3, killing 17 people.
Source: asiaonecom - 🏆 10. / 59 Read more »