TAIPEI – Foxconn Electronics reported October consolidated revenue up 2.8% year-over-year and 31.4% sequentially to NT$612.6 billion (US$21.5 billion).

For the first 10 months of 2020, consolidated revenue decreased 5.6% to NT$3.96 trillion compared to the same period last year.

The firm’s consumer electronics business had the highest sequential revenue growth in October, followed by cloud computing networking products, components, and computer products.

On the year, the components business saw the highest increase, followed by cloud computing networking products, consumer electronics and computer products.

The iPhone 12 and Sony's PlayStation 5 are expected to contribute to fourth quarter revenue growth.

Ed.: NT$1 = US$0.035