January 27, 2023
Foxconn Reports 8.3% YoY Drop in Revenue for December

Foxconn Reports 8.3% YoY Drop in Revenue for December

Posted January 10, 2019 at 8:52pm by iClarified · 6148 views
Foxconn reported an 8.3% year over year drop in revenue for December 2018, according to Reuters. In a stock exchange filing, the company revealed total revenue of T$619.3 billion ($20.12 billion) for the month. That's the first year over year revenue dip since February.

For December 2017, the company reported revenue of T$675.1 billion which was a 50% YoY increase.

“The main reason is that the fall for consumer category products was rather big,” a company representative told reporters.

It's likely that the company's shortfall is directly related to Apple's lower than expected performance during the past few months. Earlier this year the company lowered its guidance for the holiday quarter but it has yet to announce final numbers.

Nikkei recently reported that Apple has cut its current production plan
by another 10% suggesting that there are still some difficult times ahead.

Please follow iClarified on Twitter, Facebook, Google+, or RSS for updates.

Read More


Foxconn Reports 8.3% YoY Drop in Revenue for December
Add Comment
Would you like to be notified when someone replies or adds a new comment?
Yes (All Threads)
Yes (This Thread Only)
No
iClarified Icon
Notifications
Would you like to be notified when we post a new Apple news article or tutorial?
Yes
No
Comments
You must login or register to add a comment...
Recent. Read the latest Apple News.
RECENT
Tutorials. Help is here.
TUTORIALS
Where to Download macOS Ventura
AppleTV Firmware Download Locations
Where to Download iPod touch Firmware Files From
Where To Download iPad Firmware Files From
Where To Download iPhone Firmware Files From
Deals. Save on Apple devices and accessories.
DEALS