Skip to content

Foxconn saw best-ever April revenues partly because of better than expected iPhone demand

Apple’s largest iPhone manufacturer has reported almost a fifth higher revenue for April 2024 compared to the same month in 2023, in part because of diversification.

Workers in a Foxconn factory
Workers in a Foxconn factory

In March 2024, Foxconn’s parent company Hon Hai Precision Industry Co reported a 10% revenue drop in Q1, specifically because of slowing demand over the iPhone. Now despite coming in what it describes as traditionally a transition month between old and new products, the company is reporting a record high revenue for April 2024.

According to Bloomberg, the company says it earned 19% more year over year. Its monthly sales for April 2024 were $15.8 billion, compared to $13.3 billion in April 2023.

Continue Reading on AppleInsider | Discuss on our Forums