It's being report today that Foxconn's December revenue has robustly grew 9.76% year-on-year to NT$449.63 billion thanks to orders for the approaching Chinese New Year holidays and the relatively robust demand for the 5.5 inch iPhone 7 Plus model, according to a report by Japan's Nikkei Asian Review. This is what matters today, this month.

Of course the Nikkei report is trying to make a big deal about Foxconn's revenues being down a measly 2.81% for the year and in particular blaming Apple even though 50% of their revenue is derived from other OEMs. All of the PC OEMs use Foxconn and sales have been slow all year. But Apple is the biggest target, so why not blame them right?

While it's true that sales for the iPhone 6s were slower than expected this year no doubt, it's a fact that's been discounted by Wall Street a long time ago and I suspect for Foxconn as well in Asia. So there's no shock value to today's Nikkei news. In fact it's old news.

In the present tense, December has shown to be a very strong month for Foxconn who is attributing the strength to robust iPhone 7 Plus sales. That's the real headline for the day.

Can iPhone 7 sales continue to be seasonally healthy or is it a temporary blip? We may get some answers from Apple's executives during their Q1 2017 financial conference call being held on January 31, 2017 at 2:00 p.m. PT / 5:00 p.m. ET to be specific.

Is the sky falling? Not from what I could tell. So the hysteria from the Nikkei report has to be put into perspective and we will get some real answers later this month. The only thing that really matters is whether or not Apple reached their guidance for the quarter as set out by Luca Maestri, Apple's CFO as follows:

•revenue between $76 billion and $78 billion

•gross margin between 38 percent and 38.5 percent

•operating expenses between $6.9 billion and $7 billion

•other income/(expense) of $400 million

•tax rate of 26 percent

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