Apple assembler Foxconn sees over 40% on month revenue growth in September

“Foxconn Electronics (Hon Hai Precision Industry) has reported consolidated revenues of NT$451.04 billion (US$14.83 billion) for September, up 42.4% on month, but down 3.7% on yea,” Ninelu Tu and Joseph Tsai report for DigiTimes.

“Foxconn pointed out that its three major product lines all enjoyed on-month shipment growths in September with the consumer electronics segment performing the best,” Tu and Tsai report. “With the iPhone X’s pre-ordering expected to soon begin and the smartphone’s rising demand from telecom and retail channels worldwide, some market watchers estimate that Foxconn will see another surging growth in October revenues.”

Read more in the full article here.

MacDailyNews Take: That revenue surge is likely due to iPhone 8 and iPhone 8 Plus assembly as millions of units were required for launch on September 22nd in Australia, Austria, Belgium, Canada, China, Denmark, Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Portugal, Puerto Rico, Singapore, Spain, Sweden, Switzerland, Taiwan, UAE, the UK, the US and US Virgin Islands.

Foxconn makes first iPhone X shipment to Apple, only 46,500 units – October 16, 2017

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