Foxconn Expects Q1 Consumer Electronics Revenue Down 15%
Published: 03 March 2020
by Chelsey Drysdale
TAIPEI – Foxconn expects revenue to fall 15% in consumer electronics and enterprise products during the first quarter but predicts production will return to normal levels during the second quarter, according to reports.
The firm does not anticipate revenue growth in the first half of 2020, with “slight growth” for the full year as a result of the COVID-19 outbreak.
Foxconn said the effect on its supply chain is not substantial so far.
Foxconn expects to resume normal production by the end of the March.
