Foxconn Posts Record November Revenue Up 13%
TAIPEI – Foxconn saw consolidated revenues climb 13.1% year-over-year and 11.2% sequentially in November to NT$681.4 billion (US$24 billion).
For the first 11 months of 2020, consolidated revenues were down 3.3% to NT$4.6 trillion compared to the same period last year.
November growth was attributed to iPhone 12 devices, with momentum expected to continue into the first quarter of 2021. December is expected to be another record month.
In November, Foxconn's consumer electronics products saw the highest sequentially revenue growth, followed by components, cloud computing network products and computers. Consumer electronics products still had the highest year-to-date growth, followed by cloud computing products, computers and components.
Ed.: NT$1 = US$0.035
