Foxconn revenues drop in February

Foxconn revenues drop in February
Contract manufacturer Foxconn, the company that is responsible for the actual assembling of many mobile devices like the Apple iPhone and Apple iPad, struggled through tough times last month according to its monthly revenue numbers. The company reported that revenue for February came in at NT$235.060 billion ($7.91 billion USD). Sequentially, that figure represented a rather steep 25.03% decline from January's NT$313.527 billion ($10.55 billion USD).

Year-over-year, Foxconn's February revenue dropped 22.10% from the prior year's figure. For January through February, Foxconn reported revenue of NT$548.587 billion ($18.46 billion USD) which is a decline of 14.71% from last year's two month total. Analysts blame the decline partially on the Lunar New Year, which took place in the middle of the month and disrupted production. And of course, there is the decreased smartphone shipments that took place during the month, which is the bottom line reason for the poor revenue numbers.

source: DigiTimes

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5 Comments

1. rusticguy

Posts: 2828; Member since: Aug 11, 2012

Decreasing Smartphone shipments or decreased iPhone sales?

5. PhenomFaz

Posts: 1236; Member since: Sep 26, 2012

its decreased iphone dude....smartphones shipped are on the rise! cant say the same for obsolete Apple products though...looks can only get you so far!

2. nikenturd unregistered

Well, that says it all...the demand for iPhones and iPads has sunk to record lows, Apple cannot hide it no matter how many payola articles they generate....one word....DWINDLING....they need more court rewards in order to recoup the losses i guess

3. microsoftnokiawin

Posts: 1268; Member since: Mar 30, 2012

good less chinese kids have to suffer

4. NokiaFTW

Posts: 2072; Member since: Oct 24, 2012

I live in India . Trust me , I am yet to see a person holding an iPhone 5 in their hands .

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