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Foxconn reports 9% gain in annual revenue


Friday, December 11, 2009

Foxconn Electronics has posted revenues of US$4.5 billion for November 2009,sequentially up 9.3% on year.

Foxconn pointed out that the on-month decline was mainly due to seasonality as the peak season for consumer electronics has already reached the end, but the company still saw good performance in both the PC and communications segments.

Market watchers have forecast that Foxconn will see a slight drop on month in December revenues due to seasonality but said the drop may be lower if the company continues to enjoy good performance in the PC and communications segments.

Market watchers also expect Foxconn's fourth quarter revenues to be stronger than those in the previous three quarters.

By: DocMemory
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