Foxconn's Q2 Sales Rebound, But YTD Still Lags | Print |  E-mail
Written by Mike Buetow   
Wednesday, 10 July 2013 14:39

TAIPEI - Hon Hai Precision Industry (Foxconn) today reported June revenues rose 5% year-over-year. The world's largest electronics ODM/EMS company reported sales of NT$304.6 billion ($10.13 billion), reversing a slower sales trend that had plagued the company much of the year.

Overall second-quarter revenue was NT$897 billion ($30 billion), up 60 basis points from last year.

Foxconn credited higher sales of televisions for the increase, which offset lower demand for Apple's iPhone and other handhelds.

Year to date, sales remain down 9.9%.

 

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