Apple supplier Foxconn posts 9% fall in first-quarter revenue, sees growth ahead

Pictured here is a Foxconn factory in Zhengzhou city on Sept. 4, 2021.
Vcg | Visual China Group | Getty Images

Apple iPhone manufacturer Foxconn on Friday posted a dip of 9.6% in revenue for the first quarter of 2024, compared to the same period last year.

The company, which trades as Hon Hai Precision Industry in Taiwan, recorded a first-quarter revenue of 1.32 trillion New Taiwan dollars ($41.2 billion), which was also 28.58% lower compared to the fourth quarter of last year. It was also below economists’ expectations in an LSEG poll.

However, the company expects revenue to grow in the second quarter, despite noting that it “remains a traditional off-peak season.”

Stock Chart IconStock chart icon

hide content
Technology

Products You May Like

Articles You May Like

The National, Remi Wolf, and More Perform at Kamala Harris Rally: Watch
Frasier Season 2 Episode 8 Review: Thank You, Dr. Crane
Tyler, the Creator Releases New Album Chromakopia: Listen
How Many Episodes of Wizards Beyond Waverly Place Season 1 Are Left?
Know the price-matching policies for Best Buy, Walmart, Amazon, and others