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Foxconn revenues up nearly 20 per cent

by on12 August 2015

Consumer electronics still strong

Foxconn Electronics is continuing to make a pile of dosh on the back of its consumer electronics business.

The outfit has reported consolidated revenues of US$9.86 billion for July 2015, down 2 per cent on month but up 19.97 per cent on year.

Sales of consumer electronics products remained relatively strong in July, followed by communication devices and computing products.

For the first seven months of 2015, revenues amounted to $71, 062,067,010, increasing 13.67 per cemt from a year earlier.

Foxconn is expected to see its revenues grow 10 per cent in the third quarter of 2015, buoyed by production of new iPhone devices.

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