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Old 17th December 2017, 08:19   #1
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Default Foxconn hits record

Thanks to consumer electronics boom

Foxconn executives are laughing all the way to the back after the outfit reported consolidated revenues of 18.85 billion for November

This figure is a record showing 17.33 percent on month and 18.5 percent on year and is the highest-ever monthly figure ever. Combined consolidated revenues for the first 11 months of 2017 up 3.33 percent from the same period a year ago.

Foxconn pointed out that the consumer electronics product business had the best results with highest growth, followed by communication products, while the company's PC computing product business saw on-month revenue decline in November.

With demand for new smartphones remaining strong and the company's production efficiency having seen major improvements, some market watchers are optimistic about Foxconn's upcoming performance and expect the maker's December revenues to stay high.

Foxconn's business group that focuses mainly on healthcare-related applications also participated in Taiwan Healthcare + Expo in Taipei to showcase their new development and products for the smart medical care market.
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