Foxconn's monthly revenue declines 4.35% during April, from the prior month

Foxconn's monthly revenue declines 4.35% during April, from the prior month
Contract manufacturer Foxconn reported on Monday, that its revenues declined during April from March. The 4.35% sequential decline took revenue down to $294.442 billion NT ($9.73 billion USD) for last month. The numbers looked better when compared year-over-year. Revenue in April 2014 grew .92% from the same month in 2013. The sequential drop is being blamed on a seasonal decline in shipments of consumer electronics, PCs and communication devices.

Foxconn is known for being the company that assembles the majority of Apple iPhone units, while competitor Pegatron  produces the remaining phones. Earlier this month, we told you that the latter had already received orders from Apple to manufacture 15% of the total number of initial Apple iPhone 6 units to be made.

For the first four months of 2014, Foxconn had revenue of $1.777 trillion NT ($39 billion USD), up 6.97% year-over-year. Analysts expect the company to continue feeling the effects of seasonality from May through June. After that time period, production should begin on the Apple iPhone 6. Already, leaks of the iPhone 6 dummy models have been floating around.

source: DigiTimes


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