IT + CE
Foxconn posts revenue growth in 3Q18
Ninelu Tu, Taipei; Joseph Tsai, DIGITIMES

Foxconn Electronics (Hon Hai Precision Industry) has reported consolidated revenues of NT$1.38 trillion (US$44.4 billion) for the third quarter of 2018, up 27.6% sequentially and 27.7% on year.

Foxconn's September consolidated revenues also increased 47.42% on month and 29.69% on year to arrive at NT$584.93 billion with combined consolidated revenues for the first nine months of 2018 rising 17.08% on year to come to NT$3.48 trillion.

Foxconn pointed out that its consumer electronics business performed the best in September, followed by the computing business and then the communication business.

Some market watchers believe Foxconn's growing revenues in September were due to the releases of its client's new OLED smartphones.

The company's revenues in October and in the fourth quarter are also expected to benefit from the client's new LCD smartphone.

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