TAIPEI – Foxconn reported consolidated April revenues of NT$380.9 billion (US$12.7 billion), up 0.3% year-over-year and 9.6% sequentially, a new record for the month.

The company's combined consolidated revenues from January to April were NT$1.3 trillion, down 8.7% compared to the same period in 2019.

The computing-related group (PCs and tablets) had the best sequential revenue growth in April, followed by the enterprise product group components (servers and networking equipment), and consumer smart devices. Year-over-year, the components segment performed best, followed by computing, enterprise and consumer smart device segments.

A postponed launch of a customer’s new smartphones could result in decreased orders to Foxconn this year. Also, Taiwan’s government approved Foxconn's US$100 million investment in factories in Yantai, China, to produce a game console, according to reports.

Ed.: NT$1 = US$0.03