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Foxconn sees revenue hit record high in December

Ninelu Tu, Taipei; Joseph Tsai, DIGITIMES Asia 0

Foxconn Electronics (Hon Hai) has reported consolidated revenues increased 32.3% on year and 4.8% sequentially to NT$713.78 billion (US$25.51 billion) in December 2020, hitting a new record.

Foxconn saw consolidated revenues rise 55.5% sequentially and 15.3% on year to arrive at NT$2.01 trillion in the fourth quarter of 2020 with the annual amount for 2020 reaching N$5.36 trillion, up 0.31% on year.

Of Foxconn's four major businesses, components/others had the highest on-month revenue growth in December, followed by PC, consumer electronics and cloud computing network products. On a yearly basis, the consumer electronics business had the strongest growth, followed by PC, components/others and cloud network products.

Despite strong end-market demand for Apple's new iPhone 12 series, Foxconn's January-2021 revenues are unlikely to see significant growth due to seasonality and the impacts from the Lunar New Year holidays.

Foxconn sees December 2020 revenues reach new record

Foxconn sees December 2020 revenues reach new record
Photo: Digitimes file photo