Foxconn's September revenue jumps

@ 2018/10/13
As storms of trade war loom

Foxconn reported a 30 percent jump in September revenue to $18.8 billion in September, extending a streak of double digit growth since May.

The strong monthly result, its second best, brings Foxconn’s both nine-month and third quarter revenues to record highs, a company official told reporters.

“This time, the three biggest product lines in terms of month-on-month and annual increase comes in this order: consumer, computing, and communications”, the official said.

However things are not likely to get better as the company is about to be drawn into the intensifying trade dispute. The world’s largest contract electronics manufacturer warned in June that the spat between China and the United States was the biggest challenge it was facing.

China is a major production base for Foxconn, while the United States is a key market for the manufacturer.

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