TAIPEI – Foxconn's overall sales in May rose by 5% in from April's totals because of shipment growth in smart consumer electronics devices, but the NT$450.73 billion ($14.68 billion) earned for the month marked a 9.45% decrease from May 2022.

The company's smart consumer electronics division saw sales rise by double digits in May from a month earlier as clients began to rebuild their inventories, but revenue generated by the company's computing products, cloud and networking products, and electronics component divisions remained little changed from April, Foxconn said.

In the first five months of 2023, the company's consolidated sales fell 2.08% from a year earlier to NT$2.34 trillion ($76.2 billion), the second-highest level for the five-month period in the company's history.

Foxconn forecast lower sales in the second quarter than in the first quarter because it is a traditionally slow quarter. It also expected second-quarter sales to be down year-over-year because of the high base of comparison set in 2022.

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