Foxconn's July sales drop 1.23% y/y, Q3 outlook better

Posted on:
Key Points

TAIPEI, Aug 5 (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker and a major supplier for Apple, said on Saturday revenue in July fell 1.23% year-on-year but forecast a business rebound for the third quarter...

Foxconn (2317.TW), formally called Hon Hai Precision Industry Co Ltd, said revenue last month reached T$469.23 billion ($14.82 billion), up nearly 11% from June...

The company said revenue was the second-highest for the month of July, thanks to "customers' increasing pull-in" for its smart consumer electronics products, including smartphones..

The first half of the year is traditionally slower for Taiwan tech manufacturers as major electronics vendors including Apple launch new products near the year-end holiday season...

Second-quarter revenue dropped 13.8% year-on-year, in line with the company's expectations, Foxconn said in July..

You might be interested in

Foxconn Q2 sales slip 14%, Q3 outlook brighter ahead of year-end peak

05, Jul, 23

Taiwan's Foxconn, a major iPhone assembler for Apple Inc , said on Wednesday that second quarter revenue dropped 13.8% year-on-year but the outlook for the third quarter was brighter ahead of peak shopping season at the end of the year.

Apple sales fall for fourth straight quarter despite strong start for latest iPhones

03, Nov, 23

It’s the first time Apple’s fiscal year revenue has dropped since 2019 when sales fell by 2%.

UPS to cut 12,000 jobs, sees improving business conditions in second half of 2024

30, Jan, 24

UPS expects average daily volume to be weak in the first half of the year before recovering in the latter half. But even then, growth will be constrained

Foxconn raises Q4 outlook on strong year-end holiday sales

05, Dec, 23

Taiwan's Foxconn (2317.TW), the world's largest contract electronics maker and a major Apple (AAPL.O) supplier, on Tuesday raised its outlook for the fourth quarter on strong year-end sales for the holiday peak season.

TI forecasts downbeat second quarter on growing demand weakness

25, Apr, 23

Texas Instruments forecast second-quarter revenue and profit below Wall Street estimates on Tuesday, signaling demand weakness is spreading to most of the analog chipmaker's end-markets.

Foxconn reiterates Q2 revenue to grow, posts record April sales

05, May, 24

International Business News: TAIPEI: Taiwan's Foxconn, the world's largest contract electronics maker and the biggest assembler of Apple's iPhone, reiterated on Sunday it expected.

Foxconn books surprise quarterly profit rise, has conservative outlook for 2024

14, Nov, 23

International Business News: Apple supplier Foxconn reported a surprise 11% increase in third-quarter profit, supported by gains in non-operating income. However, the company reit

Apple supplier Foxconn warns on consumer electronics demand as Q4 profit dips

15, Mar, 23

The world's largest contract electronics maker, which gets more than half of its revenue from consumer electronics, forecast significant growth this year in other areas such as computing, cloud and networking and component products.

UPS to cut 12,000 jobs, explore options for Coyote business

30, Jan, 24

The company plans to cut $1 billion in costs as it comes off a ‘difficult and disappointing’ year, when volume, revenue and operating profit declined in all of its business segments, UPS CEO Carol Tome said