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Foxconn's Revenues Soared for September with iPhone X Preorders likely to Push October's Revenue to new High

1 cover Foxconn


It's being reported today in a new supply chain report that Foxconn Electronics (Hon Hai Precision Industry) has reported consolidated revenues of NT$451.04 billion (US$14.83 billion) for September, up 42.4% on month.


Foxconn had consolidated revenues of NT$1.82 trillion for the third quarter, growing 17.39% sequentially and 0.82% on year, while combined consolidated revenues for the first nine months in 2017 were NT$2.97 trillion, up 0.76% on year.


Foxconn pointed out that its three major product lines all enjoyed on-month shipment growths in September with the consumer electronics segment performing the best followed by the communication segment and then computing.


With the iPhone X's pre-ordering expected to soon begin and the smartphone's rising demand from telecom and retail channels worldwide, some market watchers estimate that Foxconn will see another surging growth in October revenues.


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