Foxconn revenues dip below NT$50 billion in May
Jun 10, 2005
Foxconn Electronics (the registered trade name of Hon Hai Precision Industry) posted revenues of NT$44.5 billion in May, up 59% on year but down 11% sequentially. Taiwan's top electronics manufacturing service (EMS) provider had enjoyed strong monthly sales of more than NT$50 billion in March and April.
As a result of seasonal effects, the company saw fewer PC shipments in May, according to company spokesperson Edmund Ding. Demand is expected to pick up in June, said Ding.