Foxconn's January sales surge as China COVID disruption shaken off

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Foxconn's January sales surge COVID disruption shaken off

, said on Sunday its revenue in January jumped 48.2% year-on-year, as it shook off COVID disruptions in China.

Revenue in January reached a record high, at T$660.4 billion , with operations returning to normal and shipments increasing at its Zhengzhou campus in China, a centre for iPhone production, the company said in a statement. Compared to the previous month, revenue was up 4.93% with smart consumer electronics products, which includes smartphones, and computing products showing strong double-digit growth, it said.

Production of iPhones faced disruption ahead of Christmas and January's Lunar New Year holidays, after curbs to control COVID-19 prompted thousands of workers to leave Foxconn's factory lines in Zhengzhou. Analysts say Foxconn assembles around 70% of iPhones, and the Zhengzhou plant produces the majority of its premium models including the iPhone 14 Pro.

 

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