TAIPEI – Foxconn saw its first quarter revenue rise 3.9% year-on-year, but warned that sales for the current quarter would be down.

Revenue in March reached the third highest on record for the at $13.14 billion, though that represented a 21.1% year-on-year fall, the company said in a statement.

The rise in sales for the first three months of the year, to $47 million, was a record high for the same period, and in line with previous guidance, Foxconn said.

For smart consumer electronics products, which includes smartphones, revenue in March declined due to new product launches in the same period last year. The company said the outlook for the second quarter is expected to decrease on a quarter-on-quarter and year-on-year basis, coming off a high base from an “unseasonally strong pull-in in the first half of last year which occurred as the components shortage from 2021 eased.”

• Prev
• Next