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Hon Hai Oct Sales Growth Eases to 8.6%, Behind Forecast
Taiwan's Hon Hai Precision, a major manufacturing partner of Apple (AAPL.US), announced that its October sales elevated 8.6% YoY to a record high of NT$804.9 billion (approxima...
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Taiwan's Hon Hai Precision, a major manufacturing partner of Apple (AAPL.US)      , announced that its October sales elevated 8.6% YoY to a record high of NT$804.9 billion (approximately US$25.2 billion), but still largely fell short of the 15% growth as predicted by the market. Sales in the first ten months were about NT$5.53 trillion, a YoY hike of 9.57%, also the highest for the same period in previous years.

Foxconn's sales growth in October was the slowest since February, sparking concerns in the market about demand for AI infrastructure and iPhones.

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Looking ahead to 4Q, Hon Hai said that the second half of the year is traditionally a peak season for the information and communications technology industry, so operations will continue to pick up QoQ. Operations in 4Q will be able to achieve YoY and QoQ growth.
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