{"id":43466,"date":"2024-05-05T11:14:54","date_gmt":"2024-05-05T11:14:54","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/05\/foxconn-reiterates-q2-revenue-to-grow-posts-record-april-sales-times-of-india\/"},"modified":"2024-05-05T11:14:54","modified_gmt":"2024-05-05T11:14:54","slug":"foxconn-reiterates-q2-revenue-to-grow-posts-record-april-sales-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/05\/foxconn-reiterates-q2-revenue-to-grow-posts-record-april-sales-times-of-india\/","title":{"rendered":"Foxconn reiterates Q2 revenue to grow, posts record April sales &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i0.wp.com\/static.toiimg.com\/photo\/msid-109858551,imgsize-18974.cms?resize=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Foxconn reiterates Q2 revenue to grow, posts record April sales &#8211; Times of India\" title=\"Foxconn reiterates Q2 revenue to grow, posts record April sales &#8211; Times of India\" \/><\/div>\n<div>TAIPEI: <!-- -->Taiwan<!-- -->&#8216;s <!-- -->Foxconn<!-- -->, the world&#8217;s largest contract electronics maker and the biggest assembler of Apple&#8217;s iPhone, reiterated on Sunday it expected a rise in second-quarter <!-- -->revenue<!-- -->, and reported record sales for the month of April.<br \/> Foxconn said in a statement that this year&#8217;s second quarter &#8220;remains a traditional off-peak season, and major products are entering a period of transition between old and new products&#8221;.<br \/> But it added: &#8220;The operations outlook for the second quarter is expected to show both quarter-on-quarter and year-on-year growth&#8221;.<br \/> The statement did not elaborate and the company does not give numerical guidance.<br \/> The company, formally called Hon Hai Precision Industry Co Ltd, said April revenue reached T$510.9 billion ($15.83 billion), which it said was the highest figure on record for the same period and represented an on-year rise of 19%.<br \/> Revenue in its smart consumer electronics products, including smartphones, in April showed &#8220;significant growth&#8221; year-on-year, it said.<br \/> Strong artificial intelligence (AI) server demand also delivered &#8220;strong growth&#8221; in April on-year for its cloud and networking products segment, the company added.<br \/> The monthly sales data comes ahead of Foxconn&#8217;s first-quarter earnings call on May 14.<br \/> Foxconn has previously reported that for the first quarter, revenue slid 9.6% year-on-year to T$1.322 trillion, underperforming a T$1.401 trillion LSEG SmartEstimate, which gives greater weight to forecasts from analysts who are more consistently accurate.<br \/> The first quarter is traditionally quieter than the previous one, the season when Taiwan&#8217;s tech companies race to supply smartphones, tablets and other electronics to major vendors such as Apple for Western markets&#8217; year-end holiday period.<br \/> Apple&#8217;s quarterly results and forecast beat modest expectations on Thursday, and CEO Tim Cook said revenue growth would return in the current quarter.<br \/> In March, Foxconn adopted a far more bullish outlook for this year, saying on its fourth-quarter earnings call that it expected a significant rise in revenue driven by booming demand for AI servers.<br \/> Foxconn&#8217;s shares have surged almost 50% so far this year, compared with a 13% gain for the broader market.<br \/> They closed up 1.3% on Friday.<\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? 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Foxconn said in a statement that this year&#8217;s second quarter &#8220;remains a traditional off-peak season, and major products are entering [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":43467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-109858551,imgsize-18974.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[1277,44712,23130,7743,273,8263,44711,1541,24788,2891,2022,2251,272],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/43466"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=43466"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/43466\/revisions"}],"predecessor-version":[{"id":43468,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/43466\/revisions\/43468"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/43467"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=43466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=43466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=43466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}