TAIPEI – Foxconn's revenue in April fell 11.77% year-on-year due to weakness in smart consumer electronics, and the company said it expects business to drop this quarter.

The company said revenue last month reached T$429.2 billion ($14 billion), in line with the company's own expectations, with smart consumer electronics products – which include smartphones and are the company's main business driver – revenue declining as it entered the "traditional slow season", the company said in a statement.

Business in the second quarter is expected to decline due to a high base last year and "the seasonal off-peak period" amid a transition between old and new products, it said.

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