Foxconn Forecasts Q2 Revenue Growth

Taiwan's Foxconn, a major player in contract electronics manufacturing and primary assembler of Apple's iPhone, reiterated expectations for increased second-quarter revenue, alongside reporting record sales for April, Ben Blanchard reported for Reuters.

Foxconn anticipates growth in the second quarter, attributing it to the transition between old and new products. I Photo: Strubbi Wikimedia Commons

Despite the traditional off-peak season, Foxconn anticipates growth in the second quarter, attributing it to the transition between old and new products.

Although specific numerical guidance was not provided, the company noted a significant on-year revenue rise of 19% in April, reaching T$510.9 billion ($15.83 billion), marking a record high for the period.

Strong growth in smart consumer electronics, particularly smartphones, and robust demand for artificial intelligence (AI) servers were highlighted as key contributors to revenue performance in April.