TAIPEI -- Foxconn Electronics (the trade name of Hon Hai Precision Industry) reported October sales were up 29.1% year-over-year to $5.2 billion.

Sales were up 7.6% sequentially, the company said, on demand for networking and consumer electronics. PC sales were stable, the company said. 

The firm, the world's largest ODM/EMS company, said sales through the remainder of calendar 2008 would grow as well.

Foxconn Technology, the EMS subsidiary of Foxconn Electronics, said October consolidated sales were up 25.9% year-over-year to NT$16.72 billion. Year to date sales are up 18.%.